Blue Granite Capital LLC Has $696,000 Position in Home Depot Inc (HD)

Blue Granite Capital LLC lowered its stake in shares of Home Depot Inc (NYSE:HD) by 73.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,655 shares of the home improvement retailer’s stock after selling 10,340 shares during the period. Home Depot accounts for approximately 0.5% of Blue Granite Capital LLC’s portfolio, making the stock its 24th biggest holding. Blue Granite Capital LLC’s holdings in Home Depot were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Investment Partners Ltd. OH ADV lifted its position in Home Depot by 2.6% during the fourth quarter. Investment Partners Ltd. OH ADV now owns 9,867 shares of the home improvement retailer’s stock worth $1,870,000 after buying an additional 251 shares during the period. Telos Capital Management Inc. lifted its position in Home Depot by 11.1% during the fourth quarter. Telos Capital Management Inc. now owns 2,634 shares of the home improvement retailer’s stock worth $499,000 after buying an additional 264 shares during the period. Davis R M Inc. lifted its position in Home Depot by 2.0% during the fourth quarter. Davis R M Inc. now owns 13,457 shares of the home improvement retailer’s stock worth $2,551,000 after buying an additional 270 shares during the period. Waldron LP lifted its position in Home Depot by 9.6% during the fourth quarter. Waldron LP now owns 3,193 shares of the home improvement retailer’s stock worth $605,000 after buying an additional 279 shares during the period. Finally, Northstar Investment Advisors LLC lifted its position in Home Depot by 0.3% during the fourth quarter. Northstar Investment Advisors LLC now owns 88,026 shares of the home improvement retailer’s stock worth $16,684,000 after buying an additional 284 shares during the period. 68.42% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Gregory D. Brenneman bought 16,827 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the acquisition, the director now owns 46,332 shares in the company, valued at approximately $8,260,532.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Holifield sold 45,549 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the sale, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Shares of NYSE:HD opened at $186.55 on Friday. The stock has a market cap of $213.41 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion for the quarter, compared to the consensus estimate of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. equities analysts forecast that Home Depot Inc will post 9.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 31st will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.21%. Home Depot’s payout ratio is currently 55.23%.

Several research firms recently weighed in on HD. Gabelli began coverage on Home Depot in a research report on Wednesday, April 11th. They set a “buy” rating and a $206.00 target price on the stock. Credit Suisse Group set a $222.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Bank of America reiterated a “buy” rating and set a $190.60 target price (down from $219.00) on shares of Home Depot in a research report on Tuesday, February 20th. Deutsche Bank set a $210.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Finally, Wells Fargo & Co began coverage on Home Depot in a research report on Monday, April 23rd. They set an “outperform” rating and a $205.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $195.95.

About Home Depot

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

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