Fusion Capital LLC Acquires 497 Shares of The Home Depot, Inc. (NYSE:HD)

Fusion Capital LLC increased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,726 shares of the home improvement retailer’s stock after buying an additional 497 shares during the period. Home Depot comprises approximately 3.5% of Fusion Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Fusion Capital LLC’s holdings in Home Depot were worth $6,836,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HD. VisionPoint Advisory Group LLC purchased a new position in Home Depot in the second quarter worth $26,000. Fairfield Bush & CO. purchased a new position in Home Depot in the first quarter worth $27,000. PFG Private Wealth Management LLC grew its holdings in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. KB Financial Partners LLC purchased a new position in Home Depot in the first quarter worth $28,000. Finally, Studio Investment Management LLC purchased a new position in Home Depot in the fourth quarter worth $32,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Telsey Advisory Group boosted their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a report on Monday. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Guggenheim boosted their price objective on shares of Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $376.35.

Get Our Latest Analysis on HD

Home Depot Trading Down 1.4 %

Shares of Home Depot stock opened at $363.00 on Wednesday. The firm has a 50-day simple moving average of $369.63 and a two-hundred day simple moving average of $335.67. The company has a market cap of $359.74 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.38 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

About Home Depot

(Free Report)

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 d├ęcor 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.

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

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