The Home Depot, Inc. (NYSE:HD) Shares Sold by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership lowered its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 112,640 shares of the home improvement retailer’s stock after selling 661 shares during the quarter. Home Depot makes up approximately 1.3% of Prio Wealth Limited Partnership’s portfolio, making the stock its 21st biggest holding. Prio Wealth Limited Partnership’s holdings in Home Depot were worth $39,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HD. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $28,000. PFG Private Wealth Management LLC increased its holdings in shares of 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 valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Home Depot Trading Down 1.4 %

NYSE:HD opened at $363.00 on Wednesday. The firm has a market cap of $359.74 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The stock has a fifty day moving average price of $369.63 and a 200 day moving average price of $335.67. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.30 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change 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%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. The Goldman Sachs Group increased their price target on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Stifel Nicolaus increased their price objective on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Evercore ISI increased their price objective on Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, HSBC lowered Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price objective for the company. in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $376.35.

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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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