Fortem Financial Group LLC Has $643,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Fortem Financial Group LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,652 shares of the home improvement retailer’s stock after purchasing an additional 30 shares during the quarter. Fortem Financial Group LLC’s holdings in Home Depot were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Lantz Financial LLC raised its stake in shares of Home Depot by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after purchasing an additional 89 shares in the last quarter. Arlington Partners LLC grew its position in shares of Home Depot by 7.6% in the 2nd quarter. Arlington Partners LLC now owns 9,340 shares of the home improvement retailer’s stock valued at $3,215,000 after acquiring an additional 656 shares during the period. Oxbow Advisors LLC increased its stake in shares of Home Depot by 3.8% during the 2nd quarter. Oxbow Advisors LLC now owns 2,490 shares of the home improvement retailer’s stock worth $857,000 after purchasing an additional 90 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Home Depot by 251.8% in the 2nd quarter. SRS Capital Advisors Inc. now owns 3,047 shares of the home improvement retailer’s stock valued at $1,049,000 after purchasing an additional 2,181 shares during the last quarter. Finally, Stonebrook Private Inc. increased its position in Home Depot by 7.5% during the second quarter. Stonebrook Private Inc. now owns 13,564 shares of the home improvement retailer’s stock worth $4,669,000 after buying an additional 950 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.1 %

Home Depot stock traded down $0.55 during trading hours on Monday, reaching $388.63. 2,173,110 shares of the company’s stock were exchanged, compared to its average volume of 2,243,463. The firm has a market capitalization of $386.05 billion, a PE ratio of 26.40, a PEG ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s 50 day simple moving average is $406.94 and its 200 day simple moving average is $384.58. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.81 EPS. Research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. Home Depot’s dividend payout ratio is currently 61.14%.

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.