Fiduciary Group LLC Acquires 4,340 Shares of The Home Depot, Inc. (NYSE:HD)

Fiduciary Group LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 12.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,994 shares of the home improvement retailer’s stock after purchasing an additional 4,340 shares during the period. Home Depot accounts for about 1.5% of Fiduciary Group LLC’s holdings, making the stock its 19th largest holding. Fiduciary Group LLC’s holdings in Home Depot were worth $12,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its stake in shares of Home Depot by 0.4% in the 1st quarter. State Street Corp now owns 45,622,114 shares of the home improvement retailer’s stock worth $13,656,067,000 after buying an additional 180,532 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 14.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after purchasing an additional 1,361,660 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Home Depot by 3.9% during the 1st quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock valued at $2,435,009,000 after purchasing an additional 303,885 shares during the last quarter. Swiss National Bank boosted its stake in Home Depot by 12.8% during the 1st quarter. Swiss National Bank now owns 4,522,866 shares of the home improvement retailer’s stock valued at $1,353,829,000 after purchasing an additional 511,600 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Home Depot by 11.3% in the 1st quarter. Capital International Investors now owns 3,963,239 shares of the home improvement retailer’s stock worth $1,186,320,000 after buying an additional 403,021 shares during the last quarter. Institutional investors own 68.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Exane BNP Paribas cut shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price for the company. in a research note on Wednesday, October 19th. Credit Suisse Group cut their target price on shares of Home Depot from $450.00 to $390.00 in a research note on Wednesday, November 16th. Finally, BNP Paribas lowered shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price for the company. in a report on Wednesday, October 19th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $346.29.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Home Depot news, Director Paula Santilli purchased 1,583 shares of Home Depot stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at $499,911.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of Home Depot stock traded down $3.37 during trading hours on Thursday, reaching $321.51. 4,243,427 shares of the company’s stock were exchanged, compared to its average volume of 4,538,733. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The company has a market capitalization of $329.14 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The business has a fifty day moving average of $288.63 and a two-hundred day moving average of $292.78. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The business had revenue of $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. During the same quarter in the prior year, the firm earned $3.92 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, November 30th. Home Depot’s dividend payout ratio (DPR) is presently 45.81%.

Home Depot announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 18th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Home Depot Company Profile

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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