Disciplined Investments LLC Acquires New Shares in The Home Depot, Inc. (NYSE:HD)

Disciplined Investments LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 561 shares of the home improvement retailer’s stock, valued at approximately $215,000.

Several other institutional investors also recently modified their holdings of the business. Algert Global LLC purchased a new position in Home Depot in the third quarter worth about $245,000. Mather Group LLC. boosted its position in Home Depot by 39.1% in the third quarter. Mather Group LLC. now owns 13,219 shares of the home improvement retailer’s stock worth $3,994,000 after purchasing an additional 3,717 shares during the last quarter. Valley National Advisers Inc. boosted its position in Home Depot by 7.5% in the third quarter. Valley National Advisers Inc. now owns 1,134 shares of the home improvement retailer’s stock worth $343,000 after purchasing an additional 79 shares during the last quarter. Trexquant Investment LP boosted its position in Home Depot by 300.3% in the third quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock worth $2,529,000 after purchasing an additional 6,280 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Home Depot by 71.7% in the third quarter. Tower Research Capital LLC TRC now owns 54,163 shares of the home improvement retailer’s stock worth $16,366,000 after purchasing an additional 22,621 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 1.0 %

NYSE HD traded up $3.44 on Wednesday, reaching $341.76. 3,363,752 shares of the stock traded hands, compared to its average volume of 3,447,625. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The company has a fifty day moving average price of $337.98 and a 200-day moving average price of $352.67. The company has a market cap of $338.89 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.82 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

Several research firms have recently commented on HD. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Bank of America lifted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Evercore ISI lifted their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $378.42.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.