The Home Depot, Inc. (NYSE:HD) Position Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,477 shares of the home improvement retailer’s stock after acquiring an additional 6,827 shares during the period. Park Avenue Securities LLC’s holdings in Home Depot were worth $18,857,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HD. Financial & Tax Architects LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at $413,000. Meridian Wealth Partners LLC grew its holdings in Home Depot by 0.8% during the second quarter. Meridian Wealth Partners LLC now owns 6,372 shares of the home improvement retailer’s stock worth $2,194,000 after acquiring an additional 52 shares during the period. Purus Wealth Management LLC raised its position in Home Depot by 4.2% in the second quarter. Purus Wealth Management LLC now owns 1,852 shares of the home improvement retailer’s stock worth $638,000 after acquiring an additional 75 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Home Depot by 3.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 345,978 shares of the home improvement retailer’s stock valued at $119,099,000 after acquiring an additional 12,682 shares during the last quarter. Finally, Argent Trust Co boosted its position in shares of Home Depot by 1.2% during the 2nd quarter. Argent Trust Co now owns 96,364 shares of the home improvement retailer’s stock valued at $33,172,000 after purchasing an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Oppenheimer increased their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 3.4 %

Shares of Home Depot stock opened at $405.99 on Thursday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $403.30 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company has a 50-day simple moving average of $405.88 and a 200 day simple moving average of $386.65. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. Research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s payout ratio is 61.14%.

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.