Greenleaf Trust Sells 1,562 Shares of The Home Depot, Inc. (NYSE:HD)

Greenleaf Trust lowered its stake in The Home Depot, Inc. (NYSE:HD) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,386 shares of the home improvement retailer’s stock after selling 1,562 shares during the quarter. Greenleaf Trust’s holdings in Home Depot were worth $14,342,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in Home Depot during the 4th quarter valued at about $31,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter valued at approximately $27,000. PFG Private Wealth Management LLC raised 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 valued at $32,000 after acquiring an additional 32 shares in the last quarter. KB Financial Partners LLC purchased a new stake in Home Depot in the first quarter worth $28,000. Finally, Gilfoyle & Co LLC bought a new stake in Home Depot in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. HSBC restated a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Price Performance

Shares of HD opened at $335.36 on Friday. The firm has a fifty day simple moving average of $367.36 and a two-hundred day simple moving average of $339.21. The firm has a market cap of $332.35 billion, a PE ratio of 22.21, a P/E/G ratio of 2.22 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.68%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is 59.60%.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Home Depot 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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’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 completion of the transaction, the chief executive officer now 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 currently owned by company 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.