Twin Focus Capital Partners LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Twin Focus Capital Partners LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HDFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 730 shares of the home improvement retailer’s stock, valued at approximately $253,000.

Other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in shares of Home Depot during the 3rd quarter worth approximately $15,894,000. TRUE Private Wealth Advisors raised its stake in shares of Home Depot by 3.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 2,394 shares of the home improvement retailer’s stock worth $723,000 after buying an additional 70 shares in the last quarter. Meridian Wealth Advisors LLC raised its stake in shares of Home Depot by 1.5% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 17,314 shares of the home improvement retailer’s stock worth $5,231,000 after buying an additional 263 shares in the last quarter. Sargent Investment Group LLC raised its stake in shares of Home Depot by 2.9% during the 3rd quarter. Sargent Investment Group LLC now owns 7,454 shares of the home improvement retailer’s stock worth $2,252,000 after buying an additional 211 shares in the last quarter. Finally, Glenview Trust co raised its stake in shares of Home Depot by 0.8% during the 3rd quarter. Glenview Trust co now owns 42,962 shares of the home improvement retailer’s stock worth $12,981,000 after buying an additional 347 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3 %

Home Depot stock traded down $1.04 during midday trading on Friday, hitting $346.84. The stock had a trading volume of 2,588,960 shares, compared to its average volume of 3,346,942. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The stock has a market cap of $343.93 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.39 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. The business has a fifty day moving average price of $337.58 and a 200 day moving average price of $351.28.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating 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%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.82 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HD shares. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. 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. Wells Fargo & Company dropped their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Finally, Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

Read Our Latest Research Report on Home Depot

Home Depot Company Profile

(Free Report)

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.

Further Reading

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

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