Argonautica Private Wealth Management Inc. Sells 48 Shares of The Home Depot, Inc. (NYSE:HD)

Argonautica Private Wealth Management Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,582 shares of the home improvement retailer’s stock after selling 48 shares during the period. Home Depot comprises about 1.5% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Argonautica Private Wealth Management Inc.’s holdings in Home Depot were worth $3,667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Naples Global Advisors LLC grew its holdings in Home Depot by 0.5% during the third quarter. Naples Global Advisors LLC now owns 33,690 shares of the home improvement retailer’s stock valued at $10,180,000 after purchasing an additional 162 shares during the period. Clarus Group Inc. grew its holdings in Home Depot by 9.5% during the third quarter. Clarus Group Inc. now owns 1,814 shares of the home improvement retailer’s stock valued at $548,000 after purchasing an additional 158 shares during the period. McBroom & Associates LLC grew its holdings in Home Depot by 4.2% during the third quarter. McBroom & Associates LLC now owns 15,635 shares of the home improvement retailer’s stock valued at $4,724,000 after purchasing an additional 636 shares during the period. Legacy Trust boosted its stake in shares of Home Depot by 0.8% in the third quarter. Legacy Trust now owns 8,483 shares of the home improvement retailer’s stock worth $2,563,000 after acquiring an additional 70 shares during the period. Finally, Traynor Capital Management Inc. boosted its stake in shares of Home Depot by 1.7% in the third quarter. Traynor Capital Management Inc. now owns 40,423 shares of the home improvement retailer’s stock worth $12,214,000 after acquiring an additional 682 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD traded up $3.11 during mid-day trading on Friday, hitting $335.09. 2,465,262 shares of the company’s stock were exchanged, compared to its average volume of 3,779,238. 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 business’s 50 day moving average is $364.77 and its two-hundred day moving average is $340.68. The firm has a market capitalization of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the firm earned $3.30 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend 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%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the company’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 sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup raised their price objective on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday. Telsey Advisory Group lifted their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

About Home Depot

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.