Unigestion Holding SA Invests $3.62 Million in Home Depot Inc (HD) Stock
Unigestion Holding SA purchased a new position in Home Depot Inc (NYSE:HD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,548 shares of the home improvement retailer’s stock, valued at approximately $3,619,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lucia Wealth Services LLC purchased a new position in Home Depot during the 1st quarter valued at about $101,000. Ford Financial Group Inc. purchased a new position in Home Depot during the 4th quarter valued at about $108,000. Earnest Partners LLC purchased a new position in Home Depot during the 4th quarter valued at about $108,000. Institutional & Family Asset Management LLC purchased a new position in Home Depot during the 1st quarter valued at about $108,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in Home Depot during the 4th quarter valued at about $112,000. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. During the same period in the previous year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts expect that Home Depot Inc will post 9.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $4.12 annualized dividend and a yield of 1.94%. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.
HD has been the topic of several research analyst reports. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. UBS Group lifted their target price on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Loop Capital set a $200.00 price target on Home Depot and gave the company a “hold” rating in a research note on Wednesday, July 11th. Finally, Citigroup boosted their price target on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $204.96.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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