The Home Depot (HD) Shares Sold by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX cut its position in The Home Depot (NYSE:HD) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,993 shares of the home improvement retailer’s stock after selling 1,995 shares during the quarter. The Home Depot makes up about 1.6% of Cypress Asset Management Inc. TX’s holdings, making the stock its 17th biggest position. Cypress Asset Management Inc. TX’s holdings in The Home Depot were worth $7,390,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. grew its position in The Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares during the last quarter. Mcdaniel Terry & Co. grew its position in The Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares during the last quarter. Fort Pitt Capital Group LLC grew its position in The Home Depot by 0.3% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 10 shares during the last quarter. Highland Private Wealth Management grew its position in The Home Depot by 1.7% in the 2nd quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock worth $251,000 after purchasing an additional 28 shares during the last quarter. Finally, Baltimore Capital Management Inc. grew its position in The Home Depot by 0.9% in the 2nd quarter. Baltimore Capital Management Inc. now owns 4,265 shares of the home improvement retailer’s stock worth $654,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.

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In related news, CEO Craig A. Menear sold 113,687 shares of The Home Depot stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the transaction, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 37,680 shares of The Home Depot stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the transaction, the executive vice president now directly owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders have sold a total of 169,027 shares of company stock valued at $31,220,882 over the last three months. 0.26% of the stock is currently owned by insiders.

HD has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of The Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of The Home Depot in a research report on Monday, February 5th. Morgan Stanley set a $210.00 price target on shares of The Home Depot and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, February 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $217.00 price target (down from $220.00) on shares of The Home Depot in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and a consensus target price of $194.04.

Shares of HD stock opened at $174.45 on Friday. The Home Depot has a 12-month low of $144.25 and a 12-month high of $207.60. The stock has a market cap of $207,205.39, a P/E ratio of 23.38, a PEG ratio of 1.42 and a beta of 1.15. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same period last year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. equities research analysts expect that The Home Depot will post 9.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a dividend of $1.03 per share. This is an increase from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.36%. The ex-dividend date was Wednesday, March 7th. The Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

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About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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