SNS Financial Group LLC Purchases 118 Shares of The Home Depot, Inc. (NYSE:HD)

SNS Financial Group LLC raised its position in The Home Depot, Inc. (NYSE:HDFree Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,146 shares of the home improvement retailer’s stock after purchasing an additional 118 shares during the period. SNS Financial Group LLC’s holdings in Home Depot were worth $744,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BCK Partners Inc. bought a new stake in shares of Home Depot during the first quarter worth $2,933,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot during the first quarter worth $27,000. Ergoteles LLC bought a new stake in shares of Home Depot during the first quarter worth $1,554,000. Equitable Holdings Inc. increased its position in shares of Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after acquiring an additional 24,640 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $363.00 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a market cap of $359.74 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.53 and a beta of 0.98. The company’s 50-day moving average price is $369.63 and its two-hundred day moving average price is $335.67.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the firm earned $3.30 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. 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. This represents a $9.00 annualized dividend and a dividend yield of 2.48%. Home Depot’s payout ratio is 59.60%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred 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 of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot 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. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Wells Fargo & Company raised their target price on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research report on Monday. Finally, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $376.35.

Check Out Our Latest Stock Analysis on Home Depot

Home Depot 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 d├ęcor 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.

Further Reading

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

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