The Home Depot, Inc. (NYSE:HD) is Dearborn Partners LLC’s 6th Largest Position

Dearborn Partners LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,372 shares of the home improvement retailer’s stock after selling 2,766 shares during the quarter. Home Depot accounts for about 2.2% of Dearborn Partners LLC’s investment portfolio, making the stock its 6th largest holding. Dearborn Partners LLC’s holdings in Home Depot were worth $60,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC purchased a new stake in Home Depot in the 2nd quarter worth approximately $26,000. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter valued at approximately $27,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. KB Financial Partners LLC bought a new position in Home Depot during the 1st quarter valued at approximately $28,000. Finally, Gilfoyle & Co LLC bought a new position in Home Depot during the 4th quarter valued at approximately $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 3.1 %

Shares of HD stock opened at $350.16 on Thursday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock’s 50-day moving average price is $370.45 and its 200-day moving average price is $337.76. The stock has a market capitalization of $347.01 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid 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 yield of 2.57%. Home Depot’s payout ratio is 59.60%.

Insider Buying and Selling

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 shares were 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 of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of 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. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. The Goldman Sachs Group increased their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $376.35.

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.