TPG Financial Advisors LLC Has $295,000 Stock Position in Home Depot Inc (NYSE:HD)

TPG Financial Advisors LLC boosted its position in Home Depot Inc (NYSE:HD) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,063 shares of the home improvement retailer’s stock after buying an additional 101 shares during the quarter. TPG Financial Advisors LLC’s holdings in Home Depot were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. lifted its position in shares of Home Depot by 3.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 373,118 shares of the home improvement retailer’s stock worth $103,618,000 after purchasing an additional 13,442 shares during the last quarter. North Star Investment Management Corp. grew its holdings in Home Depot by 1.8% in the 3rd quarter. North Star Investment Management Corp. now owns 8,961 shares of the home improvement retailer’s stock valued at $2,488,000 after buying an additional 162 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Home Depot by 69.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,936 shares of the home improvement retailer’s stock worth $538,000 after buying an additional 794 shares during the period. West Branch Capital LLC lifted its holdings in shares of Home Depot by 3.3% during the third quarter. West Branch Capital LLC now owns 10,748 shares of the home improvement retailer’s stock worth $2,985,000 after buying an additional 347 shares during the last quarter. Finally, First Financial Corp IN boosted its position in shares of Home Depot by 6.0% in the third quarter. First Financial Corp IN now owns 4,078 shares of the home improvement retailer’s stock valued at $1,133,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.

HD opened at $287.66 on Friday. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $292.95. The stock has a market capitalization of $309.65 billion, a PE ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The firm has a 50-day moving average price of $278.34 and a two-hundred day moving average price of $251.27.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The business had revenue of $38.05 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same quarter last year, the business posted $3.17 earnings per share. Home Depot’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, sell-side analysts expect that Home Depot Inc will post 11.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.09%. Home Depot’s payout ratio is currently 58.54%.

Several research firms recently commented on HD. Wedbush upped their target price on shares of Home Depot from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Nomura Instinet increased their target price on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Barclays boosted their price target on Home Depot from $260.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Loop Capital raised their price objective on Home Depot from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Nomura boosted their price objective on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average target price of $288.79.

In other news, EVP Matt Carey sold 13,680 shares of the firm’s stock in a transaction dated Sunday, August 16th. The shares were sold at an average price of $194.35, for a total value of $2,658,708.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of Home Depot stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $279.83, for a total transaction of $11,738,029.01. In the last 90 days, insiders have sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is currently owned by corporate insiders.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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