Savant Capital LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Savant Capital LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,614 shares of the home improvement retailer’s stock after purchasing an additional 1,992 shares during the quarter. Savant Capital LLC’s holdings in Home Depot were worth $16,501,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC raised its holdings in Home Depot by 53.3% in 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 period. Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter worth about $35,000. Briaud Financial Planning Inc acquired a new position in Home Depot in the 3rd quarter worth about $41,000. Finally, Quantbot Technologies LP acquired a new position in Home Depot in the 3rd quarter worth about $64,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Wells Fargo & Company increased their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. DA Davidson reissued a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, TD Cowen increased their target price on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One research 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. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Trading Down 0.8 %

Home Depot stock traded down $2.57 during mid-day trading on Tuesday, hitting $334.23. The company’s stock had a trading volume of 3,088,022 shares, compared to its average volume of 3,341,935. The firm has a market capitalization of $331.23 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. 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 stock’s fifty day moving average is $364.25 and its two-hundred day moving average is $341.58.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, 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. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, 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 Company 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.