The Home Depot, Inc. (NYSE:HD) Position Trimmed by Fluent Financial LLC

Fluent Financial LLC lessened its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,756 shares of the home improvement retailer’s stock after selling 2,936 shares during the quarter. Home Depot comprises 3.5% of Fluent Financial LLC’s portfolio, making the stock its 6th largest position. Fluent Financial LLC’s holdings in Home Depot were worth $8,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quantinno Capital Management LP lifted its position in Home Depot by 1.6% in the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock valued at $568,000 after buying an additional 27 shares during the last quarter. Trilogy Capital Inc. lifted its position in Home Depot by 4.0% in the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock valued at $304,000 after buying an additional 28 shares during the last quarter. Smith Anglin Financial LLC lifted its position in Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock valued at $1,068,000 after buying an additional 28 shares during the last quarter. Palisades Hudson Asset Management L.P. lifted its position in Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock valued at $1,045,000 after buying an additional 28 shares during the last quarter. Finally, Klingman & Associates LLC lifted its position in Home Depot by 0.6% in the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer’s stock valued at $1,926,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Several analysts have recently issued reports on HD shares. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $406.00 to $365.00 in a research report on Wednesday, February 23rd. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup increased their price target on shares of Home Depot from $327.00 to $348.00 in a research report on Friday. Telsey Advisory Group reduced their price target on shares of Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Finally, Jefferies Financial Group cut their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $373.27.

In other news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Shares of NYSE HD traded down $0.57 during mid-day trading on Friday, hitting $287.19. 5,572,720 shares of the company were exchanged, compared to its average volume of 4,995,522. The company has a quick ratio of 0.24, a current ratio of 1.11 and a debt-to-equity ratio of 35.47. The stock has a 50 day simple moving average of $307.28 and a 200-day simple moving average of $350.67. The Home Depot, Inc. has a 1-year low of $279.59 and a 1-year high of $420.61. The firm has a market cap of $296.77 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.41. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The firm had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same period last year, the company earned $3.86 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 16.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.65%. Home Depot’s dividend payout ratio (DPR) is currently 48.25%.

Home Depot Company Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

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