Hyman Charles D Buys 1,034 Shares of The Home Depot, Inc. (NYSE:HD)

Hyman Charles D increased its stake in The Home Depot, Inc. (NYSE:HD) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,734 shares of the home improvement retailer’s stock after purchasing an additional 1,034 shares during the quarter. Home Depot makes up 2.1% of Hyman Charles D’s investment portfolio, making the stock its 13th largest holding. Hyman Charles D’s holdings in Home Depot were worth $35,256,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tcwp LLC grew its position in Home Depot by 0.7% in the 3rd quarter. Tcwp LLC now owns 6,409 shares of the home improvement retailer’s stock worth $1,937,000 after purchasing an additional 44 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Home Depot by 16.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 18,032 shares of the home improvement retailer’s stock valued at $5,449,000 after acquiring an additional 2,605 shares in the last quarter. Affinity Wealth Management LLC raised its holdings in Home Depot by 1.6% in the 3rd quarter. Affinity Wealth Management LLC now owns 17,166 shares of the home improvement retailer’s stock valued at $5,187,000 after acquiring an additional 278 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $457,000. Finally, Channel Wealth LLC grew its holdings in shares of Home Depot by 2.4% during the 3rd quarter. Channel Wealth LLC now owns 4,365 shares of the home improvement retailer’s stock worth $1,319,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of HD traded down $1.99 during trading hours on Wednesday, hitting $338.70. 3,122,850 shares of the stock traded hands, compared to its average volume of 3,338,355. The business has a fifty day moving average of $360.47 and a 200-day moving average of $343.54. The firm has a market capitalization of $335.66 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. Analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. DA Davidson reiterated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.19.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 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.