Dearborn Partners LLC Decreases Holdings in The Home Depot (HD)

Dearborn Partners LLC reduced its position in shares of The Home Depot (NYSE:HD) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,777 shares of the home improvement retailer’s stock after selling 3,906 shares during the quarter. Dearborn Partners LLC’s holdings in The Home Depot were worth $15,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Elefante Mark B boosted its stake in shares of The Home Depot by 43.1% during the 4th quarter. Elefante Mark B now owns 2,190 shares of the home improvement retailer’s stock worth $416,000 after acquiring an additional 660 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of The Home Depot by 6.0% during the 4th quarter. Trust Co. of Vermont now owns 58,132 shares of the home improvement retailer’s stock worth $11,017,000 after acquiring an additional 3,280 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of The Home Depot during the 4th quarter worth $3,464,000. Hemenway Trust Co LLC boosted its stake in shares of The Home Depot by 3.4% during the 4th quarter. Hemenway Trust Co LLC now owns 63,580 shares of the home improvement retailer’s stock worth $12,050,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of The Home Depot by 1.2% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 40,624 shares of the home improvement retailer’s stock worth $8,198,000 after acquiring an additional 471 shares in the last quarter. 70.69% of the stock is owned by hedge funds and other institutional investors.

In other The Home Depot news, CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at $43,734,117.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now owns 73,815 shares in the company, valued at $13,827,025.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,027 shares of company stock worth $31,220,882. Corporate insiders own 0.25% of the company’s stock.



Shares of NYSE:HD opened at $173.36 on Friday. 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 has a 1 year low of $144.25 and a 1 year high of $207.60. The firm has a market cap of $202,592.78, a P/E ratio of 23.24, a PEG ratio of 1.39 and a beta of 1.15.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were issued a dividend of $1.03 per share. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s dividend payout ratio (DPR) is 55.23%.

A number of research firms have recently issued reports on HD. Credit Suisse Group increased their target price on The Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their target price on The Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued 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 issued a $223.00 target price on shares of The Home Depot in a report on Monday, February 5th. Finally, Oppenheimer restated a “buy” rating on shares of The Home Depot in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $194.45.

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The Home Depot Company Profile

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 décor 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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