Monte Financial Group LLC Has $7.13 Million Stake in The Home Depot, Inc. (NYSE:HD)

Monte Financial Group LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,318 shares of the home improvement retailer’s stock after selling 268 shares during the period. Home Depot accounts for 3.1% of Monte Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Monte Financial Group LLC’s holdings in Home Depot were worth $7,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot during the fourth quarter worth about $41,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the second quarter worth about $47,000. Finally, Quarry LP grew its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after buying an additional 36 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Royal Bank of Canada boosted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $414.53 on Monday. The stock has a fifty day moving average of $407.14 and a 200 day moving average of $390.53. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market capitalization of $411.77 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 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.

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, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the firm earned $3.81 earnings per share. Home Depot’s revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. 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 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.