US Asset Management LLC Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

US Asset Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,134 shares of the home improvement retailer’s stock, valued at approximately $1,433,000. Home Depot accounts for approximately 1.4% of US Asset Management LLC’s portfolio, making the stock its 11th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc purchased a new position in shares of Home Depot during the 4th quarter worth $26,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC raised its holdings in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new position in shares of Home Depot during the 4th quarter worth $35,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Home Depot during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock traded down $1.31 during trading on Friday, reaching $346.13. 1,401,907 shares of the company’s stock were exchanged, compared to its average volume of 3,325,389. 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 1-year low of $274.26 and a 1-year high of $396.87. The company’s fifty day moving average price is $359.03 and its 200-day moving average price is $343.54. The firm has a market cap of $343.02 billion, a PE ratio of 22.96, a P/E/G ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.30 earnings per share. On average, research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.60%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Analyst Ratings Changes

Several analysts recently issued reports on HD shares. Wedbush restated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday. The Goldman Sachs Group lifted their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Finally, Evercore ISI dropped their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $375.19.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot 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 transaction, 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 SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 transaction, 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 currently owned by company insiders.

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.