InTrack Investment Management Inc Has $1.62 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

InTrack Investment Management Inc increased its holdings in The Home Depot, Inc. (NYSE:HD) by 77.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,115 shares of the home improvement retailer’s stock after acquiring an additional 1,793 shares during the period. Home Depot comprises 1.1% of InTrack Investment Management Inc’s investment portfolio, making the stock its 27th biggest holding. InTrack Investment Management Inc’s holdings in Home Depot were worth $1,616,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Home Depot by 0.4% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,855 shares of the home improvement retailer’s stock worth $5,390,000 after purchasing an additional 53 shares during the last quarter. Dakota Community Bank & Trust NA raised its position in Home Depot by 8.4% in the 4th quarter. Dakota Community Bank & Trust NA now owns 386 shares of the home improvement retailer’s stock valued at $150,000 after buying an additional 30 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Home Depot in the 4th quarter valued at $198,000. LongView Wealth Management lifted its stake in Home Depot by 0.4% during the 4th quarter. LongView Wealth Management now owns 39,562 shares of the home improvement retailer’s stock valued at $15,389,000 after acquiring an additional 163 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Home Depot by 5.4% during the 4th quarter. Brooklyn Investment Group now owns 6,096 shares of the home improvement retailer’s stock worth $2,371,000 after acquiring an additional 312 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. Wells Fargo & Company raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

NYSE HD opened at $409.42 on Friday. The company’s 50 day simple moving average is $406.51 and its two-hundred day simple moving average is $387.45. The stock has a market capitalization of $406.70 billion, a PE ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated 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 trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % 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 worth $15,624,585 over the last three months. 0.10% of the stock is owned by insiders.

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.