Eads & Heald Wealth Management Sells 80 Shares of The Home Depot, Inc. (NYSE:HD)

Eads & Heald Wealth Management lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,413 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. Eads & Heald Wealth Management’s holdings in Home Depot were worth $1,529,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HD. Congress Wealth Management LLC DE grew its holdings in shares of Home Depot by 3.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after purchasing an additional 3,162 shares during the last quarter. Wolf Group Capital Advisors boosted its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new stake in Home Depot during the fourth quarter worth about $253,000. Psagot Value Holdings Ltd. Israel increased its holdings in shares of Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. raised its stake in shares of Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Stifel Nicolaus raised their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. Telsey Advisory Group increased their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Price Performance

NYSE HD opened at $334.83 on Wednesday. The business has a 50 day simple moving average of $369.14 and a 200 day simple moving average of $339.05. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 stock has a market cap of $331.82 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the business earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared 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 is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on 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 approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on 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 approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.