The Home Depot, Inc. (NYSE:HD) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,931 shares of the home improvement retailer’s stock after buying an additional 905 shares during the quarter. Home Depot comprises approximately 2.3% of Telos Capital Management Inc.’s holdings, making the stock its 4th largest position. Telos Capital Management Inc.’s holdings in Home Depot were worth $18,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keener Financial Planning LLC bought a new stake in Home Depot in the 4th quarter valued at $31,000. Fairfield Bush & CO. bought a new stake in Home Depot in the 1st quarter valued at $27,000. PFG Private Wealth Management LLC increased its holdings in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. KB Financial Partners LLC bought a new stake in Home Depot in the 1st quarter valued at $28,000. Finally, Gilfoyle & Co LLC bought a new stake in Home Depot in the 4th quarter valued at $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Home Depot stock opened at $332.83 on Thursday. 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 Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market cap of $329.84 billion, a PE ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.98. The company’s 50-day moving average is $368.54 and its two-hundred day moving average is $339.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the company posted $3.30 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HD shares. Evercore ISI lowered their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday. DA Davidson reissued a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. Royal Bank of Canada boosted their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Finally, Bank of America boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot 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.