Curran Financial Partners LLC Buys Shares of 621 The Home Depot, Inc. (NYSE:HD)

Curran Financial Partners LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 621 shares of the home improvement retailer’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Peterson Wealth Services increased its stake in Home Depot by 6.4% during the fourth quarter. Peterson Wealth Services now owns 12,946 shares of the home improvement retailer’s stock worth $4,487,000 after purchasing an additional 773 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Home Depot by 4.1% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,545 shares of the home improvement retailer’s stock worth $8,158,000 after purchasing an additional 931 shares during the period. Daiwa Securities Group Inc. increased its stake in Home Depot by 4.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 166,524 shares of the home improvement retailer’s stock worth $57,708,000 after purchasing an additional 7,173 shares during the period. Key Financial Inc increased its stake in shares of Home Depot by 5.8% during the fourth quarter. Key Financial Inc now owns 5,420 shares of the home improvement retailer’s stock worth $1,878,000 after buying an additional 297 shares during the period. Finally, Oakworth Capital Inc. increased its stake in shares of Home Depot by 0.8% during the fourth quarter. Oakworth Capital Inc. now owns 8,510 shares of the home improvement retailer’s stock worth $2,949,000 after buying an additional 68 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.0 %

NYSE:HD opened at $332.89 on Friday. The stock has a fifty day moving average price of $367.92 and a two-hundred day moving average price of $338.97. The stock has a market capitalization of $329.90 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.22 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.30 earnings per share. As a group, sell-side 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 given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Citigroup upped their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho initiated coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Company 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.