Saturna Capital CORP grew its holdings in shares of Home Depot Inc (NYSE:HD) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,257 shares of the home improvement retailer’s stock after buying an additional 314 shares during the quarter. Saturna Capital CORP’s holdings in Home Depot were worth $1,351,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Trust LLC boosted its holdings in Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after purchasing an additional 2,309 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Home Depot by 6.3% during the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after purchasing an additional 133,300 shares during the last quarter. BP PLC boosted its holdings in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after purchasing an additional 25,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Home Depot by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,133,380 shares of the home improvement retailer’s stock worth $512,473,000 after purchasing an additional 8,344 shares during the last quarter. Finally, Pioneer Investment Management Inc. boosted its holdings in Home Depot by 4.5% during the second quarter. Pioneer Investment Management Inc. now owns 5,111,695 shares of the home improvement retailer’s stock worth $784,134,000 after purchasing an additional 218,110 shares during the last quarter. Hedge funds and other institutional investors own 70.36% of the company’s stock.
Shares of Home Depot Inc (NYSE HD) opened at $185.47 on Friday. Home Depot Inc has a 12-month low of $144.25 and a 12-month high of $207.60. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.39. The stock has a market cap of $213,768.14, a P/E ratio of 24.57, a PEG ratio of 1.41 and a beta of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is 48.90%.
Home Depot announced that its board has authorized a share buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several research analysts recently weighed in on the stock. Telsey Advisory Group boosted their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks boosted their price target on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group lifted their price objective on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Bank of America lifted their price objective on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $193.38.
In related news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
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Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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