Carmel Capital Partners LLC boosted its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,032 shares of the home improvement retailer’s stock after purchasing an additional 79 shares during the period. Home Depot comprises 15.5% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 2nd largest position. Carmel Capital Partners LLC’s holdings in Home Depot were worth $26,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marcum Wealth LLC boosted its holdings in shares of Home Depot by 1.7% during the first quarter. Marcum Wealth LLC now owns 7,116 shares of the home improvement retailer’s stock worth $2,100,000 after purchasing an additional 116 shares during the period. Louisiana State Employees Retirement System raised its position in Home Depot by 0.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the home improvement retailer’s stock valued at $19,566,000 after purchasing an additional 200 shares during the last quarter. SOL Capital Management CO grew its position in shares of Home Depot by 3.8% in the 1st quarter. SOL Capital Management CO now owns 14,127 shares of the home improvement retailer’s stock worth $4,169,000 after buying an additional 515 shares during the last quarter. Richwood Investment Advisors LLC increased its stake in shares of Home Depot by 1.3% during the first quarter. Richwood Investment Advisors LLC now owns 3,090 shares of the home improvement retailer’s stock valued at $912,000 after buying an additional 39 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in shares of Home Depot by 14,497.0% during the first quarter. Proficio Capital Partners LLC now owns 1,292,852 shares of the home improvement retailer’s stock valued at $2,856,000 after acquiring an additional 1,283,995 shares in the last quarter. Institutional investors own 69.91% of the company’s stock.
Insider Buying and Selling at Home Depot
In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Home Depot Price Performance
HD opened at $310.64 on Monday. The company’s 50-day simple moving average is $295.79 and its two-hundred day simple moving average is $302.81. The Home Depot, Inc. has a 52-week low of $265.61 and a 52-week high of $347.25. The stock has a market capitalization of $312.31 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27.
Home Depot (NYSE:HD – Free Report) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.02. The company had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $4.09 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.
Home Depot Company Profile
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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