The Home Depot, Inc. (NYSE:HD) Shares Acquired by Ironwood Financial llc

Ironwood Financial llc lifted its stake in The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,537 shares of the home improvement retailer’s stock after purchasing an additional 32 shares during the quarter. Ironwood Financial llc’s holdings in Home Depot were worth $1,765,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Home Depot by 11.1% in the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock valued at $26,477,000 after purchasing an additional 7,702 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Home Depot by 8.6% in the second quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock valued at $84,580,000 after acquiring an additional 19,360 shares during the last quarter. Discovery Capital Management LLC CT acquired a new position in Home Depot in the second quarter valued at approximately $5,852,000. Harmony Asset Management LLC grew its position in Home Depot by 5.1% in the second quarter. Harmony Asset Management LLC now owns 12,877 shares of the home improvement retailer’s stock worth $4,433,000 after acquiring an additional 626 shares during the period. Finally, Nippon Life Global Investors Americas Inc. increased its stake in Home Depot by 18.2% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 24,570 shares of the home improvement retailer’s stock worth $8,458,000 after acquiring an additional 3,780 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $409.42 on Tuesday. The company has a market cap of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The firm has a fifty day moving average price of $406.51 and a 200 day moving average price of $388.20. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. 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 research report on Monday, October 21st. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One 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 company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by corporate insiders.

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.