Buckley Wealth Management LLC Sells 90 Shares of The Home Depot, Inc. (NYSE:HD)

Buckley Wealth Management LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,767 shares of the home improvement retailer’s stock after selling 90 shares during the period. Home Depot comprises approximately 1.4% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Buckley Wealth Management LLC’s holdings in Home Depot were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of HD. VisionPoint Advisory Group LLC purchased a new stake in shares of Home Depot during the second quarter valued at approximately $26,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter valued at $27,000. KB Financial Partners LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $28,000. Studio Investment Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 1st quarter worth about $37,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. Guggenheim lifted their price objective on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. TD Cowen increased their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.76.

Home Depot Price Performance

HD traded down $2.07 during trading on Thursday, reaching $383.82. The stock had a trading volume of 2,258,129 shares, compared to its average volume of 3,142,955. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The business has a 50-day moving average of $367.86 and a 200-day moving average of $334.18. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market cap of $380.37 billion, a PE ratio of 25.25, a PEG ratio of 2.51 and a beta of 0.99.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the business posted $3.30 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.