618 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Private Client Services LLC

Private Client Services LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 618 shares of the home improvement retailer’s stock, valued at approximately $214,000.

A number of other large investors have also recently bought and sold shares of the company. Keel Point LLC grew its holdings in shares of Home Depot by 2.3% in the 4th quarter. Keel Point LLC now owns 7,113 shares of the home improvement retailer’s stock valued at $2,465,000 after acquiring an additional 157 shares in the last quarter. Sippican Capital Advisors increased its position in shares of Home Depot by 39.1% during the 4th quarter. Sippican Capital Advisors now owns 2,312 shares of the home improvement retailer’s stock worth $801,000 after purchasing an additional 650 shares during the last quarter. TNF LLC raised its stake in shares of Home Depot by 3.3% during the 4th quarter. TNF LLC now owns 2,765 shares of the home improvement retailer’s stock worth $984,000 after purchasing an additional 89 shares in the last quarter. Investors Research Corp boosted its holdings in shares of Home Depot by 3.2% in the 4th quarter. Investors Research Corp now owns 2,032 shares of the home improvement retailer’s stock valued at $704,000 after buying an additional 63 shares during the last quarter. Finally, Bison Wealth LLC lifted its stake in Home Depot by 1.2% in the fourth quarter. Bison Wealth LLC now owns 22,405 shares of the home improvement retailer’s stock valued at $7,765,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Telsey Advisory Group raised their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Royal Bank of Canada raised their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. Finally, Evercore ISI decreased their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Price Performance

HD stock opened at $334.83 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a market cap of $331.82 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.25 and a beta of 0.98. The company’s 50-day moving average price is $369.14 and its two-hundred day moving average price is $339.05. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.30 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

About Home Depot

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.