The Home Depot, Inc. (NYSE:HD) Shares Sold by McAdam LLC

McAdam LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,130 shares of the home improvement retailer’s stock after selling 57 shares during the period. McAdam LLC’s holdings in Home Depot were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Keener Financial Planning LLC acquired a new stake in Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC boosted its stake in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP bought a new stake in Home Depot during the 3rd quarter valued at $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.0 %

Shares of NYSE HD traded up $0.07 during midday trading on Monday, reaching $335.16. 698,933 shares of the company’s stock traded hands, compared to its average volume of 3,321,978. The company has a market cap of $332.15 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year 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 stock’s 50 day simple moving average is $364.77 and its 200-day simple moving average is $341.27.

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. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Activity at Home Depot

In other 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 completion of the sale, the executive vice president now 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 can be accessed through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. TD Cowen upped their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Telsey Advisory Group lifted their price objective on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Citigroup raised their target price on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Robert W. Baird reissued an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Finally, StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.