Wallington Asset Management LLC raised its stake in The Home Depot (NYSE:HD) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,459 shares of the home improvement retailer’s stock after purchasing an additional 628 shares during the quarter. The Home Depot comprises approximately 3.8% of Wallington Asset Management LLC’s holdings, making the stock its 5th biggest holding. Wallington Asset Management LLC’s holdings in The Home Depot were worth $14,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Denali Advisors LLC acquired a new position in shares of The Home Depot during the 4th quarter valued at $133,000. Jacobi Capital Management LLC lifted its holdings in shares of The Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors lifted its holdings in shares of The Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of The Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in shares of The Home Depot by 82.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 883 shares of the home improvement retailer’s stock valued at $167,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

HD opened at $177.01 on Friday. The stock has a market capitalization of $206,785.00, a PE ratio of 23.73, a P/E/G ratio of 1.42 and a beta of 1.15. The Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. equities analysts expect that The Home Depot will post 9.43 EPS for the current year.

In other The Home Depot news, Director Armando M. Codina acquired 6,650 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the transaction, the director now directly owns 42,300 shares in the company, valued at $7,557,318. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory D. Brenneman acquired 16,827 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average cost of $178.29 per share, with a total value of $3,000,085.83. Following the transaction, the director now owns 46,332 shares in the company, valued at $8,260,532.28. The disclosure for this purchase can be found here. Insiders sold a total of 169,027 shares of company stock valued at $31,220,882 in the last three months. Insiders own 0.25% of the company’s stock.

Several equities analysts recently weighed in on the stock. Wedbush restated a “hold” rating and set a $190.00 target price (up previously from $170.00) on shares of The Home Depot in a report on Wednesday, February 21st. Argus restated a “buy” rating and set a $215.00 target price (up previously from $190.00) on shares of The Home Depot in a report on Wednesday, February 21st. Telsey Advisory Group restated an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of The Home Depot in a report on Friday, January 19th. Jefferies Group restated a “buy” rating and set a $223.00 target price on shares of The Home Depot in a report on Monday, February 5th. Finally, BMO Capital Markets lifted their target price on shares of The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot presently has an average rating of “Buy” and an average price target of $194.45.

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About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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