Quotient Wealth Partners LLC Invests $5.86 Million in The Home Depot, Inc. (NYSE:HD)

Quotient Wealth Partners LLC bought a new stake in The Home Depot, Inc. (NYSE:HDFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,913 shares of the home improvement retailer’s stock, valued at approximately $5,861,000.

Other institutional investors have also recently bought and sold shares of the company. Bare Financial Services Inc acquired a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC grew 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 purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $35,000. Finally, Advantage Trust Co acquired a new stake in Home Depot during the fourth quarter worth $41,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on HD shares. Robert W. Baird reiterated an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Royal Bank of Canada boosted their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.89.

Check Out Our Latest Research Report on HD

Home Depot Price Performance

Shares of NYSE:HD traded up $8.17 during midday trading on Wednesday, hitting $348.67. The stock had a trading volume of 1,655,784 shares, compared to its average volume of 3,363,552. The company’s 50-day moving average price is $356.71 and its 200-day moving average price is $345.73. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. 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 company has a market capitalization of $345.54 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.03. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.82 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.36 EPS for the current fiscal year.

Home Depot Increases Dividend

The company 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 was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.58%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is currently 59.60%.

About Home Depot

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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