The Home Depot, Inc. (NYSE:HD) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,359 shares of the home improvement retailer’s stock after selling 7,828 shares during the quarter. New York Life Investment Management LLC’s holdings in Home Depot were worth $54,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its stake in shares of Home Depot by 78.6% during the fourth quarter. Y.D. More Investments Ltd now owns 766 shares of the home improvement retailer’s stock valued at $265,000 after acquiring an additional 337 shares during the period. RB Capital Management LLC raised its stake in shares of Home Depot by 4.0% in the 4th quarter. RB Capital Management LLC now owns 9,112 shares of the home improvement retailer’s stock worth $3,158,000 after buying an additional 354 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Home Depot by 21.3% in the fourth quarter. Howe & Rusling Inc. now owns 2,730 shares of the home improvement retailer’s stock valued at $946,000 after buying an additional 479 shares during the period. Orion Capital Management LLC grew its holdings in Home Depot by 41.9% during the fourth quarter. Orion Capital Management LLC now owns 2,169 shares of the home improvement retailer’s stock worth $752,000 after acquiring an additional 640 shares during the period. Finally, Concord Wealth Partners raised its position in Home Depot by 17.4% in the fourth quarter. Concord Wealth Partners now owns 9,560 shares of the home improvement retailer’s stock worth $3,313,000 after acquiring an additional 1,417 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

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 value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred 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 owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 0.7 %

NYSE HD traded down $2.25 during trading hours on Wednesday, reaching $331.97. 3,184,635 shares of the company’s stock were exchanged, compared to its average volume of 3,340,786. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company’s 50-day moving average is $363.69 and its two-hundred day moving average is $341.88. The company has a market capitalization of $328.99 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98.

Home Depot (NYSE:HD) last released its earnings results 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. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the business posted $3.30 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change 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 annualized dividend and a yield of 2.71%. Home Depot’s dividend payout ratio is currently 59.60%.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Bank of America raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.