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Wealthtrust Fairport buys $8094640 stake in Home Depot Inc (HD)
The Home Depot comprises 1.3% of Trust Department MB Financial Bank N A’s portfolio, making the stock its 24th largest position.
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Many Wall Street Analysts have commented on Home Depot Inc. This insider holds 200,551 shares with a market value around $25618385 as of recent close. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock worth $192,000 after buying an additional 1,392 shares during the period. Finally, First American Trust FSB raised its stake in shares of The Home Depot by 9.2% in the second quarter. Institutional investors own 72.16% of the company’s stock. The Home Depot Inc.stock has a 52-week high of $139.00. In contrast, the average volume was 5487810 shares. It shifted down -1.27% in contrast to its 200 day moving average of $132.51. The company has a market cap of $157.83 billion, a P/E ratio of 21.62 and a beta of 0.91.
Panagora Asset Management Inc reduced its stake in Home Depot Inc by 10.48% during the most recent quarter end.
For the period ended on 2016-01-31, Home Depot Inc (NYSE:HD)’s earnings came at $1.97 per share against EPS of $1.35 a year ago. The firm had revenue of $26.47 billion for the quarter, compared to analyst estimates of $26.47 billion. The business’s quarterly revenue was up 6.6% compared to the same quarter previous year. During the same period previous year, the company posted $1.71 EPS. (NYSE:HD)’s earnings per share growth ratio for the past 5 years was noted as 22.1% while revenue increase for the past 5 years was 5.4%.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. The debt-to-equity ratio (D/E) was recorded at 1.10. At present, 16 analysts recommended Holding these shares while 2 recommended sell, according to FactSet data. The Home Depot’s dividend payout ratio is now 46.54%.
Typically, after analysts publish an “reiterated rating” report on a stock, they will subsequently issue periodic updates, often followed by a price target change. Argus restated a “buy” rating and set a $150.00 price objective (up previously from $145.00) on shares of The Home Depot in a research note on Wednesday, May 18th.
US stocks finished higher on Monday as investor fears for an interest rate hike subsided after Federal Reserve Board Governor Lael Brainard urged caution about removing monetary stimulus too quickly. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50.
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But with the stock market experiencing a bit of a rough patch lately due to the specter of rising interest rates from the Federal Reserve as early as this month, investors have begun to question their exposure to the richly valued shares of Home Depot and Lowe’s. New Gold (NGD) has received mostly “hold” ratings. This level is the mean reached by averaging the stock prices given by 15 analysts. 0 analysts assign “Sell” rating for the stock. The trading activity of 6.21 Million shares climbed up over an average volume of 4.31 Million shares. The Hedge Fund company now holds 692 shares of HD which is valued at $94,506. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Meanwhile, EVP – Human Resources Crow Timothy M sold 49,392 shares worth $6670000.88, through a transaction dated 2016-08-19. With an institutional ownership near 87.9%, it carries an earnings per share ratio of 5.15. Following the completion of the transaction, the executive vice president now directly owns 44,107 shares of the company’s stock, valued at $5,999,875.21.