Woodstock Corp Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Woodstock Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,073 shares of the home improvement retailer’s stock after selling 444 shares during the quarter. Home Depot makes up about 2.5% of Woodstock Corp’s investment portfolio, making the stock its 5th biggest position. Woodstock Corp’s holdings in Home Depot were worth $18,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Insight Wealth Strategies LLC grew its holdings in Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after buying an additional 32 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in Home Depot by 5.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after buying an additional 33 shares during the last quarter. Virtue Capital Management LLC grew its holdings in Home Depot by 1.4% during the 3rd quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock valued at $683,000 after buying an additional 33 shares during the last quarter. Coastal Bridge Advisors LLC grew its holdings in Home Depot by 0.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock valued at $1,585,000 after buying an additional 34 shares during the last quarter. Finally, Westshore Wealth LLC grew its holdings in Home Depot by 2.8% during the 3rd quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $359,000 after buying an additional 35 shares during the last quarter. Institutional investors own 68.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. Telsey Advisory Group decreased their price objective on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Cowen decreased their price objective on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Cowen decreased their price objective on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Morgan Stanley decreased their price objective on Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Finally, Bank of America decreased their price objective on Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Trading Up 0.6 %

NYSE:HD opened at $288.39 on Friday. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25. The business’s 50-day simple moving average is $310.70 and its 200 day simple moving average is $303.66. The stock has a market cap of $295.23 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be paid a dividend of $2.09 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $8.36 annualized dividend and a yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio is presently 50.12%.

Home Depot Company 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.