Suncoast Equity Management Sells 62,027 Shares of The Home Depot, Inc. (NYSE:HD)

Suncoast Equity Management cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 91.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,449 shares of the home improvement retailer’s stock after selling 62,027 shares during the quarter. Suncoast Equity Management’s holdings in Home Depot were worth $1,888,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. DGS Capital Management LLC increased its position in shares of Home Depot by 3.0% during the 4th quarter. DGS Capital Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $396,000 after purchasing an additional 33 shares during the last quarter. United Asset Strategies Inc. increased its position in shares of Home Depot by 1.2% during the 4th quarter. United Asset Strategies Inc. now owns 28,808 shares of the home improvement retailer’s stock valued at $9,984,000 after purchasing an additional 332 shares during the last quarter. First American Trust FSB increased its position in shares of Home Depot by 45.3% during the 4th quarter. First American Trust FSB now owns 2,780 shares of the home improvement retailer’s stock valued at $964,000 after purchasing an additional 867 shares during the last quarter. Grant GrossMendelsohn LLC increased its position in shares of Home Depot by 46.9% during the 4th quarter. Grant GrossMendelsohn LLC now owns 1,531 shares of the home improvement retailer’s stock valued at $544,000 after purchasing an additional 489 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its position in shares of Home Depot by 12.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,444 shares of the home improvement retailer’s stock valued at $500,000 after purchasing an additional 157 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction 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 approximately $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.9 %

Shares of NYSE:HD opened at $334.83 on Wednesday. The stock has a fifty day simple moving average of $369.14 and a two-hundred day simple moving average of $339.05. The stock has a market capitalization of $331.82 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98. 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.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 15.37 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. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HD shares. The Goldman Sachs Group raised their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Telsey Advisory Group raised their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $375.96.

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.