Home Depot Inc (HD) Shares Obtained by Dundas Partners LLP

Home Depot Inc (HD) Shares Obtained by Dundas Partners LLP

Dundas Partners LLP increased its stake in Home Depot Inc (NYSE:HD) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,619 shares of the home improvement retailer’s stock after purchasing an additional 6,571 shares during the period. Home Depot makes up approximately 2.6% of Dundas Partners LLP’s portfolio, making the stock its 21st biggest holding. Dundas Partners LLP’s holdings in Home Depot were worth $13,058,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC lifted its stake in Home Depot by 2.8% in the third quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock worth $6,175,512,000 after acquiring an additional 813,882 shares during the period. Alliancebernstein L.P. lifted its stake in Home Depot by 4.3% in the third quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock worth $2,044,929,000 after acquiring an additional 407,767 shares during the period. Morgan Stanley lifted its stake in Home Depot by 11.4% in the second quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after acquiring an additional 991,466 shares during the period. Fisher Asset Management LLC lifted its stake in Home Depot by 2.8% in the third quarter. Fisher Asset Management LLC now owns 4,446,106 shares of the home improvement retailer’s stock worth $921,011,000 after acquiring an additional 119,507 shares during the period. Finally, Swiss National Bank lifted its stake in Home Depot by 2.9% in the second quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock worth $789,299,000 after acquiring an additional 115,600 shares during the period. Institutional investors own 69.75% of the company’s stock.

In other news, EVP Teresa Wynn Roseborough sold 7,203 shares of Home Depot stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $177.45, for a total value of $1,278,172.35. Following the completion of the transaction, the executive vice president now owns 23,109 shares of the company’s stock, valued at approximately $4,100,692.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $172.64, for a total value of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. In the last ninety days, insiders bought 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. 0.25% of the stock is owned by insiders.

Several equities analysts have commented on the company. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Bank of America set a $195.00 price objective on Home Depot and gave the company a “hold” rating in a research report on Monday, December 10th. Credit Suisse Group lowered their price objective on Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Thursday, November 15th. Deutsche Bank lowered their price objective on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Finally, Citigroup lowered their price objective on Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $204.60.

HD opened at $184.54 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. The stock has a market capitalization of $208.44 billion, a PE ratio of 24.74, a P/E/G ratio of 1.40 and a beta of 1.10. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. Home Depot’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 EPS. Sell-side analysts forecast that Home Depot Inc will post 9.8 earnings per share for the current fiscal year.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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