Hudson Valley Investment Advisors Inc. ADV Sells 536 Shares of The Home Depot, Inc. (NYSE:HD)

Hudson Valley Investment Advisors Inc. ADV lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,274 shares of the home improvement retailer’s stock after selling 536 shares during the quarter. Home Depot accounts for about 1.1% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 28th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Home Depot were worth $9,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. AdvisorShares Investments LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $461,000. Linscomb Wealth Inc. boosted its stake in Home Depot by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer’s stock worth $2,267,000 after purchasing an additional 90 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Home Depot by 9.8% during the second quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer’s stock worth $319,662,000 after purchasing an additional 82,740 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Home Depot by 18.0% in the second quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer’s stock valued at $335,000 after buying an additional 149 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in shares of Home Depot by 2.8% in the second quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer’s stock valued at $43,065,000 after buying an additional 3,429 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Up 0.7 %

Shares of HD opened at $386.89 on Friday. The firm has a market cap of $384.32 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm’s 50-day simple moving average is $406.19 and its 200 day simple moving average is $385.06.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating 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 company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the company earned $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s 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 of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Profile

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.