Van Cleef Asset Management Inc Has $5.61 Million Stake in The Home Depot, Inc. (NYSE:HD)

Van Cleef Asset Management Inc raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,201 shares of the home improvement retailer’s stock after purchasing an additional 300 shares during the quarter. Home Depot accounts for 0.8% of Van Cleef Asset Management Inc’s portfolio, making the stock its 26th largest holding. Van Cleef Asset Management Inc’s holdings in Home Depot were worth $5,614,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. VCI Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $1,137,000. Syon Capital LLC boosted its holdings in Home Depot by 62.5% in the fourth quarter. Syon Capital LLC now owns 5,754 shares of the home improvement retailer’s stock valued at $1,994,000 after acquiring an additional 2,212 shares during the last quarter. Cross Staff Investments Inc increased its position in Home Depot by 2.6% in the fourth quarter. Cross Staff Investments Inc now owns 5,653 shares of the home improvement retailer’s stock worth $1,959,000 after purchasing an additional 145 shares during the period. Meritage Portfolio Management raised its holdings in Home Depot by 28.8% during the 4th quarter. Meritage Portfolio Management now owns 4,417 shares of the home improvement retailer’s stock worth $1,531,000 after purchasing an additional 987 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA raised its holdings in Home Depot by 1.2% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 145,435 shares of the home improvement retailer’s stock worth $50,400,000 after purchasing an additional 1,707 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD traded down $1.11 during midday trading on Thursday, reaching $331.90. The stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The firm has a 50 day simple moving average of $365.90 and a 200-day simple moving average of $340.46. The firm has a market cap of $328.92 billion, a PE ratio of 21.90, a P/E/G ratio of 2.26 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.30 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.71%. Home Depot’s payout ratio is 59.60%.

Insider Buying and Selling at Home Depot

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

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. Telsey Advisory Group boosted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Royal Bank of Canada increased their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus increased their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Evercore ISI decreased 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $375.96.

About Home Depot

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.