The Home Depot, Inc. (NYSE:HD) Stock Holdings Lowered by Country Club Bank GFN

Country Club Bank GFN reduced its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,969 shares of the home improvement retailer’s stock after selling 316 shares during the quarter. Country Club Bank GFN’s holdings in Home Depot were worth $5,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Morgan Stanley increased its position in shares of Home Depot by 10.0% in the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after acquiring an additional 1,698,402 shares in the last quarter. Northern Trust Corp increased its position in shares of Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after acquiring an additional 153,141 shares in the last quarter. Norges Bank purchased a new position in shares of Home Depot in the fourth quarter worth approximately $3,740,875,000. Moneta Group Investment Advisors LLC increased its position in shares of 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 worth $3,472,867,000 after acquiring an additional 10,984,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $3,211,731,000 after acquiring an additional 1,361,660 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Robert W. Baird reissued an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. 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 research report on Monday. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Finally, Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $376.35.

Read Our Latest Report on HD

Home Depot Price Performance

Shares of Home Depot stock opened at $363.00 on Wednesday. The firm has a fifty day simple moving average of $369.63 and a 200-day simple moving average of $335.67. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market capitalization of $359.74 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.53 and a beta of 0.98.

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. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current 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 paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on 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 directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

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.

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

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