Princeton Capital Management LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Princeton Capital Management LLC grew its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,163 shares of the home improvement retailer’s stock after acquiring an additional 35 shares during the period. Princeton Capital Management LLC’s holdings in Home Depot were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harrell Investment Partners LLC lifted its stake in shares of Home Depot by 4.2% during the third quarter. Harrell Investment Partners LLC now owns 23,126 shares of the home improvement retailer’s stock worth $6,934,000 after purchasing an additional 923 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in shares of Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares in the last quarter. Psagot Value Holdings Ltd. Israel increased its position in shares of Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 200 shares during the last quarter. QCM Cayman Ltd. acquired a new position in shares of Home Depot in the third quarter worth about $246,000. Finally, Annapolis Financial Services LLC lifted its stake in shares of Home Depot by 6.5% in the third quarter. Annapolis Financial Services LLC now owns 930 shares of the home improvement retailer’s stock worth $281,000 after acquiring an additional 57 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. TD Cowen dropped their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Bank of America boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, UBS Group reduced their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $374.96.

View Our Latest Stock Report on Home Depot

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 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 document filed with the SEC, which is available through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction 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 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 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

HD stock traded up $1.48 during trading on Friday, hitting $344.21. The company had a trading volume of 2,719,054 shares, compared to its average volume of 3,381,496. The business has a 50 day moving average of $354.88 and a 200 day moving average of $346.17. The firm has a market capitalization of $341.12 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.34 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.82 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.3 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

About Home Depot

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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