New Hampshire Trust trimmed its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,303 shares of the home improvement retailer’s stock after selling 117 shares during the quarter. Home Depot makes up approximately 1.4% of New Hampshire Trust’s holdings, making the stock its 15th largest position. New Hampshire Trust’s holdings in Home Depot were worth $5,375,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Slow Capital Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $25,000. Kalos Management Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $26,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot in the 1st quarter worth approximately $28,000. Finally, Studio Investment Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $32,000. 68.34% of the stock is owned by institutional investors.
Home Depot Trading Down 1.3 %
Shares of HD stock opened at $317.26 on Tuesday. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25. The firm has a fifty day moving average price of $325.92 and a 200-day moving average price of $305.38. The company has a debt-to-equity ratio of 30.53, a current ratio of 1.31 and a quick ratio of 0.35. The company has a market cap of $317.28 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.22 and a beta of 0.95.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were issued a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, August 30th. Home Depot’s dividend payout ratio is currently 52.22%.
Home Depot declared that its board has approved a stock repurchase plan on Tuesday, August 15th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
HD has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Home Depot from $345.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. The Goldman Sachs Group boosted their price target on Home Depot from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Jefferies Financial Group boosted their price target on Home Depot from $370.00 to $384.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Sanford C. Bernstein boosted their price objective on shares of Home Depot from $314.00 to $328.00 and gave the stock a “market perform” rating in a report on Wednesday, August 16th. Finally, StockNews.com began coverage on shares of Home Depot in a report on Thursday, August 17th. They issued a “buy” rating for the company. Thirteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $339.62.
Insider Buying and Selling
In related news, EVP Teresa Wynn Roseborough sold 6,091 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the transaction, the executive vice president now owns 22,749 shares of the company’s stock, valued at approximately $7,375,680.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, EVP Teresa Wynn Roseborough sold 6,091 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total transaction of $1,974,824.02. Following the completion of the transaction, the executive vice president now owns 22,749 shares of the company’s stock, valued at approximately $7,375,680.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kimberly R. Scardino sold 1,600 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total transaction of $522,704.00. Following the transaction, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,811 shares of company stock valued at $6,441,376. Company insiders own 0.19% of the company’s stock.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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