The Home Depot, Inc. (NYSE:HD) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,364 shares of the home improvement retailer’s stock after purchasing an additional 858 shares during the quarter. MCF Advisors LLC’s holdings in Home Depot were worth $2,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proquility Private Wealth Partners LLC raised its stake in Home Depot by 2.3% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 4,064 shares of the home improvement retailer’s stock valued at $1,581,000 after buying an additional 90 shares in the last quarter. Verum Partners LLC raised its position in shares of Home Depot by 1.4% during the 4th quarter. Verum Partners LLC now owns 3,789 shares of the home improvement retailer’s stock worth $1,474,000 after purchasing an additional 52 shares during the period. Roberts Wealth Advisors LLC raised its position in shares of Home Depot by 1.6% during the 4th quarter. Roberts Wealth Advisors LLC now owns 6,097 shares of the home improvement retailer’s stock worth $2,476,000 after purchasing an additional 98 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Home Depot by 9.5% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 216,955 shares of the home improvement retailer’s stock worth $84,393,000 after purchasing an additional 18,795 shares during the period. Finally, Mogy Joel R Investment Counsel Inc. raised its position in shares of Home Depot by 0.7% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 106,187 shares of the home improvement retailer’s stock worth $41,306,000 after purchasing an additional 690 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.1 %

Shares of NYSE HD opened at $414.46 on Friday. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $411.71 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 4.41 and a beta of 1.05. The business has a fifty day simple moving average of $406.83 and a 200-day simple moving average of $389.47.

Home Depot (NYSE:HD) last posted 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. The firm had revenue of $40.22 billion for 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 revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.81 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s payout ratio is presently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HD shares. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.