The Home Depot, Inc. (NYSE:HD) Shares Purchased by Keel Point LLC

Keel Point LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,113 shares of the home improvement retailer’s stock after acquiring an additional 157 shares during the period. Keel Point LLC’s holdings in Home Depot were worth $2,465,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HD. Morgan Stanley lifted its position in shares of Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after buying an additional 1,698,402 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares during the last quarter. Norges Bank acquired a new position in Home Depot during the 4th quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC grew its stake in Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after buying an additional 10,984,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after buying an additional 1,361,660 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HD shares. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. HSBC restated a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus increased their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Home Depot news, 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.9 %

HD opened at $334.83 on Wednesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The business has a 50 day moving average price of $369.14 and a 200 day moving average price of $339.05. The firm has a market cap of $331.82 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion during 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%. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.30 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed 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 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 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s payout ratio is presently 59.60%.

Home Depot Company 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.