Home Depot Inc (HD) Shares Sold by Patten & Patten Inc. TN
Patten & Patten Inc. TN cut its stake in Home Depot Inc (NYSE:HD) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,648 shares of the home improvement retailer’s stock after selling 294 shares during the period. Patten & Patten Inc. TN’s holdings in Home Depot were worth $6,142,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amussen Hunsaker Associates LLC acquired a new stake in shares of Home Depot in the second quarter worth approximately $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Home Depot in the second quarter worth approximately $112,000. Mainstay Capital Management LLC ADV lifted its position in Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after buying an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its position in Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 275 shares in the last quarter. Finally, Fort L.P. acquired a new position in Home Depot during the second quarter valued at approximately $120,000. 69.77% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the transaction, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the transaction, the executive vice president now directly owns 23,109 shares in the company, valued at $4,100,692.05. The disclosure for this sale can be found here. Over the last three months, insiders have bought 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. Insiders own 0.25% of the company’s stock.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Home Depot Inc will post 9.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.39%. Home Depot’s payout ratio is currently 55.23%.
HD has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research report on Friday, October 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Bank of America cut shares of Home Depot from a “buy” rating to a “neutral” rating and reduced their price target for the company from $219.00 to $195.00 in a research report on Friday, November 16th. Morgan Stanley lifted their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 price target (down from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $207.00.
Home Depot Company 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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