Revolve Wealth Partners LLC Decreases Position in The Home Depot, Inc. (NYSE:HD)

Revolve Wealth Partners LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,346 shares of the home improvement retailer’s stock after selling 151 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Home Depot were worth $913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. W Advisors LLC raised its holdings in Home Depot by 1.4% in the 4th quarter. W Advisors LLC now owns 2,096 shares of the home improvement retailer’s stock valued at $815,000 after acquiring an additional 29 shares during the last quarter. Acorn Creek Capital LLC raised its holdings in Home Depot by 5.2% in the 4th quarter. Acorn Creek Capital LLC now owns 925 shares of the home improvement retailer’s stock valued at $360,000 after acquiring an additional 46 shares during the last quarter. Buffington Mohr McNeal raised its holdings in Home Depot by 0.4% in the 4th quarter. Buffington Mohr McNeal now owns 12,435 shares of the home improvement retailer’s stock valued at $4,837,000 after acquiring an additional 55 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in Home Depot by 29.5% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 852 shares of the home improvement retailer’s stock valued at $332,000 after acquiring an additional 194 shares during the last quarter. Finally, BankPlus Wealth Management LLC acquired a new stake in Home Depot in the 4th quarter valued at about $728,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $413.46 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market capitalization of $410.72 billion, a PE ratio of 28.09, a P/E/G ratio of 4.32 and a beta of 1.05. The firm has a 50 day moving average of $407.66 and a two-hundred day moving average of $391.78.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the company posted $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.