Iron Financial LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)


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Iron Financial LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,077 shares of the home improvement retailer’s stock after selling 189 shares during the period. Iron Financial LLC’s holdings in The Home Depot were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Redpoint Investment Management Pty Ltd raised its holdings in shares of The Home Depot by 8.3% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 29,633 shares of the home improvement retailer’s stock worth $7,871,000 after acquiring an additional 2,275 shares in the last quarter. Pinnacle Financial Partners Inc. raised its holdings in The Home Depot by 0.3% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 77,903 shares of the home improvement retailer’s stock valued at $20,730,000 after buying an additional 236 shares during the period. Global Retirement Partners LLC raised its holdings in The Home Depot by 5.7% during the 4th quarter. Global Retirement Partners LLC now owns 17,657 shares of the home improvement retailer’s stock valued at $4,690,000 after buying an additional 959 shares during the period. Ellenbecker Investment Group raised its holdings in The Home Depot by 13.6% during the 4th quarter. Ellenbecker Investment Group now owns 1,993 shares of the home improvement retailer’s stock valued at $529,000 after buying an additional 238 shares during the period. Finally, OneAscent Financial Services LLC purchased a new stake in The Home Depot during the 4th quarter valued at $1,488,000. 63.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HD opened at $274.05 on Thursday. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The stock has a market capitalization of $295.04 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95. The business has a fifty day moving average price of $268.91 and a 200 day moving average price of $271.86.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $33.54 billion during the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same period in the prior year, the business posted $2.53 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, December 2nd. The Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

In other The Home Depot news, COO Edward P. Decker sold 25,595 shares of the stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $269.40, for a total value of $6,895,293.00. Following the completion of the sale, the chief operating officer now directly owns 97,352 shares in the company, valued at $26,226,628.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 120 shares of the stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the sale, the executive vice president now owns 46,611 shares of the company’s stock, valued at $12,539,757.33. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Several analysts recently weighed in on HD shares. ValuEngine lowered The Home Depot from a “hold” rating to a “sell” rating in a report on Monday, December 7th. Exane BNP Paribas assumed coverage on The Home Depot in a research report on Monday, October 5th. They issued an “outperform” rating and a $310.00 price objective on the stock. Morgan Stanley upped their price objective on The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, December 4th. DA Davidson cut their price objective on The Home Depot from $315.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 18th. Finally, Wedbush downgraded The Home Depot from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot presently has an average rating of “Buy” and an average price target of $293.25.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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