The Home Depot, Inc. (NYSE:HD) is Court Place Advisors LLC’s 10th Largest Position

Court Place Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,091 shares of the home improvement retailer’s stock after selling 123 shares during the period. Home Depot accounts for about 2.3% of Court Place Advisors LLC’s holdings, making the stock its 10th biggest holding. Court Place Advisors LLC’s holdings in Home Depot were worth $6,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Home Depot by 4.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,545 shares of the home improvement retailer’s stock valued at $8,158,000 after acquiring an additional 931 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Home Depot by 4.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 166,524 shares of the home improvement retailer’s stock valued at $57,708,000 after acquiring an additional 7,173 shares during the last quarter. Key Financial Inc raised its stake in Home Depot by 5.8% during the 4th quarter. Key Financial Inc now owns 5,420 shares of the home improvement retailer’s stock valued at $1,878,000 after acquiring an additional 297 shares during the last quarter. Oakworth Capital Inc. raised its stake in Home Depot by 0.8% during the 4th quarter. Oakworth Capital Inc. now owns 8,510 shares of the home improvement retailer’s stock valued at $2,949,000 after acquiring an additional 68 shares during the last quarter. Finally, Telos Capital Management Inc. raised its stake in Home Depot by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 53,931 shares of the home improvement retailer’s stock valued at $18,690,000 after acquiring an additional 905 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.0 %

Shares of Home Depot stock opened at $332.89 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market cap of $329.90 billion, a PE ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98. The business’s fifty day moving average is $367.92 and its two-hundred day moving average is $338.97. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. TD Cowen increased their target price on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Royal Bank of Canada increased their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Telsey Advisory Group upped their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Finally, Evercore ISI lowered their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated 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 directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.