Moseley Investment Management Inc. Purchases 84 Shares of The Home Depot, Inc. (NYSE:HD)

Moseley Investment Management Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,082 shares of the home improvement retailer’s stock after purchasing an additional 84 shares during the period. Home Depot comprises approximately 1.8% of Moseley Investment Management Inc.’s portfolio, making the stock its 14th biggest holding. Moseley Investment Management Inc.’s holdings in Home Depot were worth $4,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. M. Kraus & Co boosted its holdings in Home Depot by 1.9% in the fourth quarter. M. Kraus & Co now owns 2,371 shares of the home improvement retailer’s stock valued at $922,000 after acquiring an additional 45 shares in the last quarter. First Community Trust NA boosted its holdings in Home Depot by 33.6% in the fourth quarter. First Community Trust NA now owns 410 shares of the home improvement retailer’s stock valued at $159,000 after acquiring an additional 103 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Home Depot by 29.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,991 shares of the home improvement retailer’s stock valued at $4,277,000 after acquiring an additional 2,472 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Home Depot by 16.4% in the fourth quarter. Park Avenue Securities LLC now owns 48,477 shares of the home improvement retailer’s stock valued at $18,857,000 after acquiring an additional 6,827 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Home Depot by 3.3% in the fourth quarter. Kathmere Capital Management LLC now owns 8,873 shares of the home improvement retailer’s stock valued at $3,452,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 3.4 %

Home Depot stock opened at $405.99 on Thursday. The business has a 50-day simple moving average of $405.88 and a two-hundred day simple moving average of $386.65. The company has a market cap of $403.30 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HD shares. Morgan Stanley lifted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. TD Cowen raised their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

About Home Depot

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.