The Home Depot, Inc. (NYSE:HD) Shares Sold by West Oak Capital LLC

West Oak Capital LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,013 shares of the home improvement retailer’s stock after selling 185 shares during the quarter. Home Depot makes up 1.5% of West Oak Capital LLC’s portfolio, making the stock its 16th biggest holding. West Oak Capital LLC’s holdings in Home Depot were worth $3,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Congress Wealth Management LLC DE grew its position in Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares during the period. Psagot Value Holdings Ltd. Israel grew its position in Home Depot by 8.0% during the third 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 during the period. Industrial Alliance Investment Management Inc. grew its position in Home Depot by 119.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock valued at $890,000 after acquiring an additional 1,605 shares during the period. Cape Cod Five Cents Savings Bank boosted its position in shares of Home Depot by 96.3% in the third quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock worth $22,056,000 after buying an additional 35,805 shares during the period. Finally, National Pension Service boosted its position in shares of Home Depot by 6.4% in the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Home Depot Trading Down 1.2 %

NYSE HD traded down $4.60 on Thursday, hitting $381.29. 1,146,814 shares of the company were exchanged, compared to its average volume of 3,125,532. The company’s 50 day moving average price is $367.86 and its 200-day moving average price is $334.18. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a market capitalization of $377.87 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. Analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.36%. Home Depot’s dividend payout ratio is currently 59.60%.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Wedbush restated an “outperform” rating and set a $380.00 price objective on shares of Home Depot in a report on Wednesday, February 21st. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Telsey Advisory Group boosted their target price on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. The Goldman Sachs Group boosted their target price 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, StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $368.76.

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.