Westbourne Investment Advisors Inc. Has $6.89 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Westbourne Investment Advisors Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,710 shares of the home improvement retailer’s stock after purchasing an additional 490 shares during the quarter. Home Depot makes up 2.4% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. Westbourne Investment Advisors Inc.’s holdings in Home Depot were worth $6,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mezzasalma Advisors LLC raised its stake in Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Vest Financial LLC grew its holdings in shares of Home Depot by 7.7% during the fourth quarter. Vest Financial LLC now owns 4,810 shares of the home improvement retailer’s stock valued at $1,871,000 after buying an additional 344 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in Home Depot by 5.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 12,285 shares of the home improvement retailer’s stock valued at $4,779,000 after buying an additional 583 shares during the period. Northstar Group Inc. lifted its stake in Home Depot by 1.8% in the 4th quarter. Northstar Group Inc. now owns 6,300 shares of the home improvement retailer’s stock worth $2,451,000 after acquiring an additional 109 shares in the last quarter. Finally, Shepherd Financial Partners LLC boosted its position in Home Depot by 1.3% during the 4th quarter. Shepherd Financial Partners LLC now owns 9,361 shares of the home improvement retailer’s stock worth $3,641,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, 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 transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HD shares. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. 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. Finally, TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. One equities research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 1.6 %

Shares of HD stock opened at $407.39 on Monday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 firm has a market cap of $404.68 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The stock has a 50 day moving average of $406.14 and a 200-day moving average of $394.24.

Home Depot (NYSE:HD) last released its 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. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

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

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.