The Home Depot, Inc. (NYSE:HD) Holdings Boosted by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,092 shares of the home improvement retailer’s stock after purchasing an additional 67 shares during the quarter. Bleakley Financial Group LLC’s holdings in Home Depot were worth $15,984,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Kercheville Advisors LLC raised its position in Home Depot by 1.2% during the fourth quarter. Kercheville Advisors LLC now owns 3,350 shares of the home improvement retailer’s stock valued at $1,303,000 after buying an additional 40 shares during the period. NovaPoint Capital LLC grew its stake in Home Depot by 3.6% during the 4th quarter. NovaPoint Capital LLC now owns 30,547 shares of the home improvement retailer’s stock valued at $11,882,000 after acquiring an additional 1,057 shares in the last quarter. Vision Capital Management Inc. increased its holdings in shares of Home Depot by 12.5% in the 4th quarter. Vision Capital Management Inc. now owns 1,457 shares of the home improvement retailer’s stock valued at $567,000 after purchasing an additional 162 shares during the period. Inman Jager Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $1,099,000. Finally, Tyche Wealth Partners LLC boosted its holdings in shares of Home Depot by 6.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 18,764 shares of the home improvement retailer’s stock worth $7,299,000 after purchasing an additional 1,069 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

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

Home Depot Stock Performance

NYSE HD opened at $407.39 on Friday. The company’s fifty day moving average is $406.58 and its two-hundred day moving average is $393.70. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $404.68 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 4.34 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for 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 firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $3.81 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot’s payout ratio is 61.14%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.