The Home Depot, Inc. (NYSE:HD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 8,110 shares of the home improvement retailer’s stock after selling 516 shares during the quarter. Foster & Motley Inc.’s holdings in Home Depot were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Garrison Asset Management LLC lifted its position in shares of Home Depot by 26.2% in the fourth quarter. Garrison Asset Management LLC now owns 1,917 shares of the home improvement retailer’s stock valued at $664,000 after acquiring an additional 398 shares in the last quarter. RWA Wealth Partners LLC raised its position in Home Depot by 125.9% in the fourth quarter. RWA Wealth Partners LLC now owns 112,341 shares of the home improvement retailer’s stock valued at $38,932,000 after purchasing an additional 62,619 shares during the period. Summit Wealth & Retirement Planning Inc. raised its position in Home Depot by 15.2% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 1,594 shares of the home improvement retailer’s stock valued at $552,000 after purchasing an additional 210 shares during the period. Jennison Associates LLC raised its position in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after purchasing an additional 1,207,388 shares during the period. Finally, Telemus Capital LLC raised its position in Home Depot by 0.6% in the fourth quarter. Telemus Capital LLC now owns 39,573 shares of the home improvement retailer’s stock valued at $13,714,000 after purchasing an additional 218 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.2 %

Home Depot stock opened at $336.84 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. 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 company has a market capitalization of $333.82 billion, a P/E ratio of 22.25, a PEG ratio of 2.23 and a beta of 0.98. The stock has a 50-day simple moving average of $366.77 and a 200-day simple moving average of $340.19.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.67%. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HD shares. Robert W. Baird restated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Mizuho started coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Telsey Advisory Group lifted their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, 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 research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average 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.