Raab & Moskowitz Asset Management LLC Buys 306 Shares of The Home Depot, Inc. (NYSE:HD)

Raab & Moskowitz Asset Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,763 shares of the home improvement retailer’s stock after acquiring an additional 306 shares during the period. Home Depot makes up about 1.0% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Home Depot were worth $3,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Park Place Capital Corp grew its position in Home Depot by 2.1% in the third quarter. Park Place Capital Corp now owns 4,778 shares of the home improvement retailer’s stock valued at $1,444,000 after purchasing an additional 96 shares in the last quarter. BTC Capital Management Inc. grew its position in Home Depot by 5.6% in the third quarter. BTC Capital Management Inc. now owns 16,852 shares of the home improvement retailer’s stock valued at $5,092,000 after purchasing an additional 894 shares in the last quarter. Bellecapital International Ltd. grew its position in Home Depot by 4.2% in the third quarter. Bellecapital International Ltd. now owns 1,140 shares of the home improvement retailer’s stock valued at $344,000 after purchasing an additional 46 shares in the last quarter. Avior Wealth Management LLC grew its position in Home Depot by 1.7% in the third quarter. Avior Wealth Management LLC now owns 17,201 shares of the home improvement retailer’s stock valued at $5,198,000 after purchasing an additional 295 shares in the last quarter. Finally, Founders Financial Securities LLC grew its position in Home Depot by 7.9% in the third quarter. Founders Financial Securities LLC now owns 5,938 shares of the home improvement retailer’s stock valued at $1,794,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. Stifel Nicolaus raised their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Telsey Advisory Group increased their price target on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. HSBC reiterated a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. The Goldman Sachs Group increased their price target on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Wedbush increased their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Price Performance

Shares of Home Depot stock opened at $335.09 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. 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 simple moving average of $364.77 and a two-hundred day simple moving average of $340.97. The stock has a market capitalization of $332.08 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the company earned $3.30 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current 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 is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.