Chicago Equity Partners LLC Sells 8,145 Shares of Home Depot Inc (HD)

Chicago Equity Partners LLC trimmed its position in shares of Home Depot Inc (NYSE:HD) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 88,595 shares of the home improvement retailer’s stock after selling 8,145 shares during the quarter. Chicago Equity Partners LLC’s holdings in Home Depot were worth $18,352,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Amussen Hunsaker Associates LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $107,000. CSat Investment Advisory L.P. purchased a new position in Home Depot during the second quarter worth $112,000. Mainstay Capital Management LLC ADV lifted its position in shares of Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares during the last quarter. RPg Family Wealth Advisory LLC lifted its position in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Home Depot by 162.0% in the third quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock valued at $127,000 after acquiring an additional 379 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Shares of NYSE HD opened at $179.41 on Friday. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market cap of $203.01 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.42 and a beta of 1.17. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Home Depot Inc will post 9.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, November 28th. Home Depot’s payout ratio is 55.23%.

In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the transaction, the executive vice president now 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. Over the last ninety days, insiders bought 13,750 shares of company stock worth $2,401,470 and sold 137,987 shares worth $24,769,526. Company insiders own 0.25% of the company’s stock.

A number of equities research analysts have recently weighed in on HD shares. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, October 5th. Wells Fargo & Co reissued a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Bank of America downgraded Home Depot from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $219.00 to $195.00 in a research note on Friday, November 16th. Credit Suisse Group restated a “neutral” rating and issued a $204.00 target price (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Finally, Morgan Stanley increased their price target on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $204.60.

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

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