Macroview Investment Management LLC Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Macroview Investment Management LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,046 shares of the home improvement retailer’s stock after selling 51 shares during the period. Home Depot accounts for about 4.5% of Macroview Investment Management LLC’s holdings, making the stock its biggest position. Macroview Investment Management LLC’s holdings in Home Depot were worth $3,828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Optas LLC grew its holdings in shares of Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares during the last quarter. Harvest Investment Advisors LLC grew its holdings in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after purchasing an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. grew its holdings in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after purchasing an additional 30 shares during the last quarter. CGC Financial Services LLC grew its holdings in shares of Home Depot by 4.3% in the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 30 shares during the last quarter. Finally, Independent Investors Inc. grew its holdings in shares of Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HD shares. Mizuho started coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. HSBC reaffirmed a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. Evercore ISI lowered their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Telsey Advisory Group upped their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In related 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 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 SEC, which is available through this link. In related 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 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 SEC, which is available through this link. Also, 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 transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $332.83 on Thursday. The firm has a market capitalization of $329.84 billion, a P/E ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a 50 day moving average price of $368.54 and a 200 day moving average price of $339.01. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Home Depot 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.