Stelliam Investment Management LP Invests $42.57 Million in Home Depot Inc (HD)

Stelliam Investment Management LP purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 317,500 shares of the home improvement retailer’s stock, valued at approximately $42,570,000. Home Depot makes up approximately 1.4% of Stelliam Investment Management LP’s holdings, making the stock its 28th largest position.

A number of other institutional investors have also recently modified their holdings of HD. Glaxis Capital Management LLC bought a new position in Home Depot during the third quarter valued at approximately $643,000. Nadler Financial Group Inc. boosted its stake in shares of Home Depot by 5.3% in the third quarter. Nadler Financial Group Inc. now owns 2,040 shares of the home improvement retailer’s stock valued at $262,000 after buying an additional 103 shares in the last quarter. Central Bank & Trust Co. boosted its stake in shares of Home Depot by 0.5% in the third quarter. Central Bank & Trust Co. now owns 8,108 shares of the home improvement retailer’s stock valued at $1,044,000 after buying an additional 42 shares in the last quarter. Pure Financial Advisors Inc. boosted its stake in shares of Home Depot by 6.0% in the third quarter. Pure Financial Advisors Inc. now owns 4,812 shares of the home improvement retailer’s stock valued at $619,000 after buying an additional 271 shares in the last quarter. Finally, Bremer Trust National Association boosted its stake in shares of Home Depot by 8.4% in the third quarter. Bremer Trust National Association now owns 32,461 shares of the home improvement retailer’s stock valued at $4,177,000 after buying an additional 2,503 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Home Depot Inc (NYSE:HD) traded up 0.86% on Friday, reaching $150.00. The company’s stock had a trading volume of 5,382,604 shares. The company has a 50 day moving average of $147.32 and a 200 day moving average of $136.43. The stock has a market capitalization of $180.44 billion, a P/E ratio of 23.26 and a beta of 1.09. Home Depot Inc has a 1-year low of $119.20 and a 1-year high of $150.15.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.11. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The company earned $22.21 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Home Depot Inc will post $7.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were given a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Home Depot’s previous quarterly dividend of $0.69. Home Depot’s payout ratio is currently 44.66%.

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HD has been the topic of a number of analyst reports. Credit Suisse Group AG set a $148.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research report on Saturday, February 18th. Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price objective on the stock in a research report on Wednesday, March 8th. Telsey Advisory Group boosted their price objective on shares of Home Depot from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Citigroup Inc reissued a “buy” rating on shares of Home Depot in a research note on Wednesday, December 28th. Finally, Royal Bank of Canada boosted their target price on shares of Home Depot from $153.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus target price of $150.23.

Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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