Tiedemann Advisors LLC Has $1.38 Million Holdings in Home Depot Inc (HD)

Tiedemann Advisors LLC increased its stake in Home Depot Inc (NYSE:HD) by 115.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,047 shares of the home improvement retailer’s stock after buying an additional 3,783 shares during the quarter. Tiedemann Advisors LLC’s holdings in Home Depot were worth $1,375,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Viridian Ria LLC raised its stake in Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after acquiring an additional 255 shares during the period. Nadler Financial Group Inc. raised its stake in Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after acquiring an additional 264 shares during the period. Exencial Wealth Advisors LLC raised its stake in Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after acquiring an additional 266 shares during the period. Bingham Osborn & Scarborough LLC raised its stake in Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after acquiring an additional 273 shares during the period. Finally, Burns J W & Co. Inc. NY raised its stake in Home Depot by 1.4% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock valued at $3,918,000 after acquiring an additional 275 shares during the period. 69.52% of the stock is currently owned by institutional investors.

Shares of HD opened at $168.85 on Friday. Home Depot Inc has a twelve month low of $167.00 and a twelve month high of $215.43. The stock has a market cap of $190.72 billion, a PE ratio of 22.63, a P/E/G ratio of 1.32 and a beta of 1.26. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Home Depot Inc will post 9.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is 55.23%.

HD has been the topic of a number of research reports. Citigroup restated a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research note on Friday, October 5th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. Finally, UBS Group lowered their price objective on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $204.16.

In related news, Director Wayne M. Hewett acquired 250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $508,860. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel Kadre acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $177.48 per share, for a total transaction of $354,960.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $354,960. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 13,750 shares of company stock worth $2,401,470. 0.25% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Tiedemann Advisors LLC Has $1.38 Million Holdings in Home Depot Inc (HD)” was first published by WKRB News and is the sole property of of WKRB News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.wkrb13.com/2018/11/25/tiedemann-advisors-llc-has-1-38-million-holdings-in-home-depot-inc-hd.html.

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.

Featured Story: Cost of Debt

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply