Investment House LLC Has $5.39 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Investment House LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,564 shares of the home improvement retailer’s stock after selling 4,623 shares during the period. Investment House LLC’s holdings in Home Depot were worth $5,394,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Keener Financial Planning LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its position in shares of 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 worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. HSBC reissued a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research note on Wednesday, April 3rd. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Telsey Advisory Group raised their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the 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 sale, 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. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE:HD traded up $0.86 on Monday, hitting $335.95. The company’s stock had a trading volume of 1,046,861 shares, compared to its average volume of 3,326,360. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a fifty day moving average of $364.77 and a two-hundred day moving average of $341.27. The firm has a market capitalization of $332.93 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates 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 for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. Home Depot’s dividend payout ratio is presently 59.60%.

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.