The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,731 shares of the home improvement retailer’s stock after selling 139 shares during the period. Home Depot comprises approximately 1.7% of Strait & Sound Wealth Management LLC’s holdings, making the stock its 13th biggest position. Strait & Sound Wealth Management LLC’s holdings in Home Depot were worth $2,750,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HD. Charles Schwab Investment Management Inc. grew its position in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares during the last quarter. Northern Trust Corp grew its holdings in Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after buying an additional 153,141 shares in the last quarter. Fisher Asset Management LLC increased its position in Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the period. International Assets Investment Management LLC raised its stake in Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.4 %

Shares of HD traded up $1.48 during trading hours on Friday, reaching $344.21. The company’s stock had a trading volume of 2,739,006 shares, compared to its average volume of 3,515,366. The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a market cap of $341.12 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a 50 day moving average of $354.88 and a two-hundred day moving average of $346.17. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the prior year, the business earned $3.82 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen lowered their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank of Canada boosted their price target on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. HSBC decreased their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $377.46.

Check Out Our Latest Analysis on HD

Home Depot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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