The Home Depot, Inc. (NYSE:HD) Shares Sold by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC cut its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 696 shares of the home improvement retailer’s stock after selling 42 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Home Depot were worth $241,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in Home Depot in the second quarter valued at approximately $26,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. KB Financial Partners LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 1st quarter worth $37,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.6 %

HD stock opened at $383.60 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a 50 day simple moving average of $369.40 and a 200-day simple moving average of $335.27. The company has a market capitalization of $380.16 billion, a P/E ratio of 25.40, a PEG ratio of 2.53 and a beta of 0.99. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HD shares. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Telsey Advisory Group raised their price target on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Evercore ISI increased their price objective on shares of Home Depot from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $325.00 to $372.00 in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $368.76.

Read Our Latest Stock Analysis on HD

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were 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 approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Home Depot Company Profile

(Free Report)

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.

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

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