Garrison Asset Management LLC Has $664,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Garrison Asset Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 26.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,917 shares of the home improvement retailer’s stock after purchasing an additional 398 shares during the quarter. Garrison Asset Management LLC’s holdings in Home Depot were worth $664,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Keener Financial Planning LLC bought a new stake in Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC raised its stake in Home Depot by 53.3% in 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 during the period. Gilfoyle & Co LLC bought a new stake in Home Depot in the 4th quarter valued at $35,000. Briaud Financial Planning Inc bought a new stake in Home Depot in the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP bought a new stake in Home Depot in the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HD shares. HSBC restated a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup increased their price objective on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Performance

NYSE:HD opened at $336.11 on Tuesday. The stock’s 50-day simple moving average is $366.77 and its 200 day simple moving average is $340.19. The firm has a market capitalization of $333.09 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. 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 twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the firm posted $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred 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 $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 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. Insiders own 0.10% of the company’s stock.

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.