The Home Depot, Inc. (NYSE:HD) Shares Sold by Grove Bank & Trust

Grove Bank & Trust cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,293 shares of the home improvement retailer’s stock after selling 118 shares during the quarter. Grove Bank & Trust’s holdings in Home Depot were worth $2,874,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HD. Market Street Wealth Management Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $219,000. Beverly Hills Private Wealth LLC boosted its holdings in shares of Home Depot by 11.5% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 2,386 shares of the home improvement retailer’s stock valued at $827,000 after acquiring an additional 246 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in shares of Home Depot by 0.3% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 48,688 shares of the home improvement retailer’s stock valued at $16,873,000 after acquiring an additional 152 shares in the last quarter. S. R. Schill & Associates boosted its holdings in shares of Home Depot by 37.0% in the fourth quarter. S. R. Schill & Associates now owns 997 shares of the home improvement retailer’s stock valued at $346,000 after acquiring an additional 269 shares in the last quarter. Finally, River Street Advisors LLC boosted its holdings in shares of Home Depot by 2.2% in the fourth quarter. River Street Advisors LLC now owns 3,296 shares of the home improvement retailer’s stock valued at $1,142,000 after acquiring an additional 70 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal 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 firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’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 transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. DA Davidson reissued a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Wedbush upped their price target on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. HSBC reaffirmed a “reduce” rating and set a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $376.35.

Home Depot Stock Performance

NYSE:HD opened at $337.93 on Tuesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve 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 company has a 50-day moving average of $369.56 and a 200-day moving average of $338.82. The firm has a market cap of $334.90 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the firm posted $3.30 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.66%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 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.