Carderock Capital Management Inc. Has $8.22 Million Stake in The Home Depot, Inc. (NYSE:HD)

Carderock Capital Management Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,137 shares of the home improvement retailer’s stock after selling 253 shares during the period. Home Depot accounts for approximately 2.1% of Carderock Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Carderock Capital Management Inc.’s holdings in Home Depot were worth $8,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Sax Wealth Advisors LLC raised its stake in shares of Home Depot by 14.3% in the 4th quarter. Sax Wealth Advisors LLC now owns 2,239 shares of the home improvement retailer’s stock valued at $871,000 after acquiring an additional 280 shares in the last quarter. Merit Financial Group LLC grew its holdings in Home Depot by 22.3% during the fourth quarter. Merit Financial Group LLC now owns 47,666 shares of the home improvement retailer’s stock valued at $18,542,000 after purchasing an additional 8,681 shares during the last quarter. Grant GrossMendelsohn LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $205,000. Wedge Capital Management L L P NC acquired a new stake in shares of Home Depot in the fourth quarter worth $634,000. Finally, Walker Asset Management LLC boosted its holdings in shares of Home Depot by 1.0% during the 4th quarter. Walker Asset Management LLC now owns 3,208 shares of the home improvement retailer’s stock worth $1,248,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of NYSE:HD opened at $409.42 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s fifty day moving average price is $406.51 and its two-hundred day moving average price is $387.45. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

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 décor 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.