The Home Depot, Inc. (NYSE:HD) Shares Sold by Lipe & Dalton

Lipe & Dalton lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 970 shares of the home improvement retailer’s stock after selling 36 shares during the period. Lipe & Dalton’s holdings in Home Depot were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Everence Capital Management Inc. lifted its position in shares of Home Depot by 18.7% during the 4th quarter. Everence Capital Management Inc. now owns 32,098 shares of the home improvement retailer’s stock valued at $11,124,000 after acquiring an additional 5,060 shares during the last quarter. Wealth Alliance increased its stake in shares of Home Depot by 1.6% in the fourth quarter. Wealth Alliance now owns 6,314 shares of the home improvement retailer’s stock worth $2,188,000 after acquiring an additional 98 shares during the last quarter. Octavia Wealth Advisors LLC increased its stake in shares of Home Depot by 11.5% in the fourth quarter. Octavia Wealth Advisors LLC now owns 2,549 shares of the home improvement retailer’s stock worth $883,000 after acquiring an additional 263 shares during the last quarter. Buffington Mohr McNeal increased its stake in shares of Home Depot by 1.8% in the fourth quarter. Buffington Mohr McNeal now owns 11,422 shares of the home improvement retailer’s stock worth $3,958,000 after acquiring an additional 205 shares during the last quarter. Finally, Marietta Wealth Management LLC increased its stake in shares of Home Depot by 1.2% in the fourth quarter. Marietta Wealth Management LLC now owns 25,516 shares of the home improvement retailer’s stock worth $8,843,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $332.83 on Thursday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $329.84 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The firm has a 50-day moving average price of $368.54 and a 200 day moving average price of $339.01.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $3.30 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Research 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. Investors of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. TD Cowen upped their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush upped their price objective on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, HSBC reiterated a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling

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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.