Sigma Investment Counselors Inc. Has $1.18 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Sigma Investment Counselors Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,395 shares of the home improvement retailer’s stock after selling 99 shares during the period. Sigma Investment Counselors Inc.’s holdings in Home Depot were worth $1,176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Morgan Stanley grew its holdings in shares of Home Depot by 10.0% during the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after purchasing an additional 1,698,402 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth $3,740,875,000. Moneta Group Investment Advisors LLC boosted its stake in Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Bank of America raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Wedbush raised their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $376.35.

Check Out Our Latest Stock Analysis on HD

Home Depot Price Performance

Shares of HD opened at $363.00 on Wednesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market capitalization of $359.74 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The business has a 50-day moving average of $369.63 and a 200-day moving average of $335.67.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

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

Insiders Place Their Bets

In other Home Depot news, 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Home Depot news, 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Home Depot Company Profile

(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.

Further Reading

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

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