The Home Depot, Inc. (NYSE:HD) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,091 shares of the home improvement retailer’s stock after selling 123 shares during the period. Home Depot makes up about 2.3% of Court Place Advisors LLC’s portfolio, making the stock its 10th largest position. Court Place Advisors LLC’s holdings in Home Depot were worth $6,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Home Depot during the first quarter worth about $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot during the first quarter worth about $28,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC grew its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Studio Investment Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Guggenheim restated a “buy” rating and set a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Telsey Advisory Group boosted their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Royal Bank of Canada boosted their price target on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Price Performance

Shares of HD opened at $332.89 on Friday. 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The business’s 50 day moving average price is $367.92 and its two-hundred day moving average price is $338.97. The firm has a market cap of $329.90 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results 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 return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Transactions at Home Depot

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

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.