The Home Depot, Inc. (NYSE:HD) Stock Holdings Trimmed by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 89.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,198 shares of the home improvement retailer’s stock after selling 105,626 shares during the quarter. Home Depot accounts for approximately 3.6% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 6th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Home Depot were worth $5,062,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Camden National Bank raised its position in Home Depot by 9.7% during the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock valued at $681,000 after acquiring an additional 226 shares in the last quarter. Morgan Stanley increased its position in shares of Home Depot by 1.4% in the second quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $3,669,058,000 after buying an additional 162,299 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Home Depot by 0.5% in the third quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock valued at $3,108,000 after buying an additional 46 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Home Depot by 25.1% in the third quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock valued at $1,050,000 after buying an additional 642 shares in the last quarter. Finally, EagleClaw Capital Managment LLC increased its position in shares of Home Depot by 5.3% in the third quarter. EagleClaw Capital Managment LLC now owns 40,517 shares of the home improvement retailer’s stock valued at $13,301,000 after buying an additional 2,023 shares in the last quarter. 70.61% of the stock is owned by institutional investors and hedge funds.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the company’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on HD. JPMorgan Chase & Co. lowered their price target on Home Depot from $406.00 to $365.00 in a research note on Wednesday, February 23rd. StockNews.com began coverage on Home Depot in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup lowered their price target on Home Depot from $377.00 to $327.00 in a research note on Friday. Robert W. Baird lowered their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. Finally, OTR Global lowered Home Depot to a “positive” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $385.26.

Shares of HD stock traded up $6.34 on Friday, hitting $296.03. The stock had a trading volume of 3,917,115 shares, compared to its average volume of 4,883,236. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24. The firm has a market capitalization of $305.91 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.87 and a beta of 0.97. The Home Depot, Inc. has a 1 year low of $280.63 and a 1 year high of $420.61. The company’s 50 day moving average price is $310.41 and its 200-day moving average price is $353.90.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.01. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The company had revenue of $35.72 billion for the quarter, compared to the consensus estimate of $34.85 billion. During the same quarter in the prior year, the business earned $2.74 EPS. Home Depot’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a dividend of $1.90 per share. This is an increase from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $7.60 annualized dividend and a yield of 2.57%. Home Depot’s dividend payout ratio is 48.97%.

About Home Depot (Get Rating)

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 décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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