The Home Depot, Inc. (NYSE:HD) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,513 shares of the home improvement retailer’s stock after purchasing an additional 324 shares during the period. Home Depot makes up about 2.7% of Wright Investors Service Inc.’s portfolio, making the stock its 4th biggest holding. Wright Investors Service Inc.’s holdings in Home Depot were worth $9,534,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE lifted its holdings in Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after purchasing an additional 3,162 shares during the last quarter. Wolf Group Capital Advisors raised its holdings in Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after acquiring an additional 430 shares in the last quarter. Alliance Wealth Management Group acquired a new position in Home Depot in the 4th quarter valued at $253,000. Psagot Value Holdings Ltd. Israel raised its holdings in Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after acquiring an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. raised its holdings in Home Depot by 6.6% in the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. HSBC reissued a “reduce” rating and set a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company boosted their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 0.0 %

HD stock opened at $332.89 on Friday. The stock’s 50 day simple moving average is $367.92 and its 200 day simple moving average is $338.97. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a market cap of $329.90 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is 59.60%.

Home Depot Company 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.