Schmidt P J Investment Management Inc. Sells 102 Shares of The Home Depot, Inc. (NYSE:HD)

Schmidt P J Investment Management Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,531 shares of the home improvement retailer’s stock after selling 102 shares during the period. Home Depot comprises approximately 1.3% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 24th biggest position. Schmidt P J Investment Management Inc.’s holdings in Home Depot were worth $7,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its holdings in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp grew its holdings in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. acquired a new position in Home Depot during the third quarter valued at approximately $217,000. Capital Insight Partners LLC grew its holdings in Home Depot by 3.6% during the third quarter. Capital Insight Partners LLC now owns 11,940 shares of the home improvement retailer’s stock valued at $4,838,000 after purchasing an additional 417 shares during the last quarter. Finally, LifePro Asset Management grew its holdings in Home Depot by 97.4% during the third quarter. LifePro Asset Management now owns 2,248 shares of the home improvement retailer’s stock valued at $911,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.6 %

Shares of NYSE HD opened at $407.39 on Friday. The stock has a market cap of $404.68 billion, a PE ratio of 27.68, a PEG ratio of 4.34 and a beta of 1.05. The business has a fifty day moving average of $406.58 and a two-hundred day moving average of $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 quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $3.81 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on HD shares. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot 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.