Cullen Frost Bankers Inc. Sells 2,753 Shares of The Home Depot, Inc. (NYSE:HD)

Cullen Frost Bankers Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,975 shares of the home improvement retailer’s stock after selling 2,753 shares during the period. Home Depot makes up 1.2% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 18th biggest position. Cullen Frost Bankers Inc.’s holdings in Home Depot were worth $75,886,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HD. Picton Mahoney Asset Management bought a new position in Home Depot in the fourth quarter valued at about $4,472,000. Hyman Charles D grew its stake in shares of Home Depot by 1.0% during the fourth quarter. Hyman Charles D now owns 101,734 shares of the home improvement retailer’s stock worth $35,256,000 after purchasing an additional 1,034 shares during the period. Everpar Advisors LLC bought a new stake in Home Depot in the fourth quarter valued at about $1,035,000. Gryphon Financial Partners LLC raised its position in shares of Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after acquiring an additional 3,923 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter worth $61,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. HSBC reissued a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. DA Davidson reissued a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Stifel Nicolaus boosted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.19.

Home Depot Trading Down 0.5 %

HD stock traded down $1.58 during trading on Tuesday, hitting $340.71. The company had a trading volume of 2,930,173 shares, compared to its average volume of 3,345,272. 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. The business has a 50-day moving average of $360.47 and a 200-day moving average of $343.54. The stock has a market cap of $337.65 billion, a PE ratio of 22.56, a PEG ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last posted 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 firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.30 EPS. Research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred 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 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. Corporate insiders own 0.10% of the company’s stock.

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.