Focus Financial Network Inc. Has $4.24 Million Stake in The Home Depot, Inc. (NYSE:HD)

Focus Financial Network Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,900 shares of the home improvement retailer’s stock after acquiring an additional 63 shares during the quarter. Focus Financial Network Inc.’s holdings in Home Depot were worth $4,240,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. POM Investment Strategies LLC lifted its holdings in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock worth $824,000 after buying an additional 24 shares during the period. Sapient Capital LLC lifted its holdings in Home Depot by 2.0% during the 4th quarter. Sapient Capital LLC now owns 75,999 shares of the home improvement retailer’s stock worth $29,563,000 after buying an additional 1,496 shares during the period. Panoramic Capital Partners LLC acquired a new position in Home Depot during the 4th quarter worth about $574,000. International Private Wealth Advisors LLC lifted its holdings in Home Depot by 4.3% during the 4th quarter. International Private Wealth Advisors LLC now owns 1,160 shares of the home improvement retailer’s stock worth $451,000 after buying an additional 48 shares during the period. Finally, Arlington Trust Co LLC lifted its holdings in Home Depot by 13.2% during the 4th quarter. Arlington Trust Co LLC now owns 4,305 shares of the home improvement retailer’s stock worth $1,675,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $428.85.

Home Depot Price Performance

HD stock opened at $416.39 on Wednesday. The company has a market capitalization of $413.63 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The business has a 50-day simple moving average of $405.88 and a two-hundred day simple moving average of $394.98.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.81 EPS. Research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

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.