589 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 589 shares of the home improvement retailer’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC raised its position in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $207,210,000. Envestnet Asset Management Inc. boosted its holdings in Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after buying an additional 421,619 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Home Depot by 11.3% during the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after buying an additional 346,641 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.3 %

Shares of HD stock traded down $1.11 during trading on Thursday, reaching $331.90. The company’s stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock’s 50-day moving average price is $365.31 and its 200 day moving average price is $340.40. The company has a market capitalization of $328.92 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.26 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.30 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm 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. This represents a $9.00 annualized dividend and a yield of 2.71%. 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. Home Depot’s dividend payout ratio is 59.60%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird reiterated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. The Goldman Sachs Group increased their price objective on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Bank of America lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $375.96.

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.