Roffman Miller Associates Inc. PA Acquires 1,707 Shares of The Home Depot, Inc. (NYSE:HD)

Roffman Miller Associates Inc. PA boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,435 shares of the home improvement retailer’s stock after purchasing an additional 1,707 shares during the quarter. Home Depot makes up 3.6% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 4th largest position. Roffman Miller Associates Inc. PA’s holdings in Home Depot were worth $50,400,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC grew its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new stake in Home Depot in the 4th quarter valued at about $35,000. Briaud Financial Planning Inc acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Home Depot in the third quarter valued at approximately $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD traded up $2.43 on Friday, reaching $334.41. The company had a trading volume of 1,106,385 shares, compared to its average volume of 3,337,717. 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 Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a market capitalization of $331.41 billion, a PE ratio of 22.11, a P/E/G ratio of 2.22 and a beta of 0.98. The stock has a 50-day moving average price of $365.31 and a 200-day moving average price of $340.40.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for 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%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Activity

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, 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 sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. DA Davidson restated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Citigroup raised their price target on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Telsey Advisory Group increased their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target 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.