Andesa Financial Management Inc. Acquires 11,660 Shares of The Home Depot, Inc. (NYSE:HD)

Andesa Financial Management Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 83.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,576 shares of the home improvement retailer’s stock after buying an additional 11,660 shares during the period. Home Depot comprises about 2.5% of Andesa Financial Management Inc.’s holdings, making the stock its 6th largest position. Andesa Financial Management Inc.’s holdings in Home Depot were worth $7,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Home Depot during the second quarter worth about $28,000. Mizuho Securities Co. Ltd. increased its position in shares of Home Depot by 119.5% during the second quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 49 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth about $27,000. First Personal Financial Services increased its position in shares of Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC acquired a new stake in shares of Home Depot during the third quarter worth about $41,000. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $315.48 on Tuesday. The business’s 50 day simple moving average is $320.75 and its 200-day simple moving average is $302.70. The firm has a market capitalization of $322.97 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $374.67.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, topping the consensus estimate of $4.11 by $0.13. The business had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.92 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 30th. Home Depot’s dividend payout ratio (DPR) is 45.81%.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Santilli acquired 1,583 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HD shares. Cowen lifted their target price on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 13th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Credit Suisse Group began coverage on Home Depot in a report on Tuesday, December 20th. They set a “neutral” rating and a $335.00 price target on the stock. Wedbush lowered their price target on Home Depot to $280.00 in a report on Wednesday, November 16th. Finally, Raymond James lowered Home Depot from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 16th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $341.24.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.