Motley Fool Asset Management LLC Has $10.48 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Motley Fool Asset Management LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 30,239 shares of the home improvement retailer’s stock after acquiring an additional 1,138 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Home Depot were worth $10,479,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its holdings in 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 during the last quarter. Gilfoyle & Co LLC bought a new position in Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc bought a new position in Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP bought a new position in Home Depot during the 3rd quarter worth approximately $64,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HD shares. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. TD Cowen boosted their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Evercore ISI cut their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Finally, Citigroup upped their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Price Performance

HD stock traded down $1.11 during mid-day trading on Thursday, reaching $331.90. 3,786,779 shares of the company’s stock were exchanged, compared to its average volume of 3,364,632. The company has a market cap of $328.92 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The stock’s 50 day moving average is $365.31 and its 200 day moving average is $340.40. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. 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. This represents a $9.00 dividend on an annualized basis and a yield of 2.71%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by 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.