Clearwater Capital Advisors LLC Has $680,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Clearwater Capital Advisors LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,961 shares of the home improvement retailer’s stock after purchasing an additional 41 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Home Depot were worth $680,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Home Depot by 2.6% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 3,481 shares of the home improvement retailer’s stock valued at $1,052,000 after purchasing an additional 89 shares during the period. Wealth Management Partners LLC raised its holdings in shares of Home Depot by 4.3% in the third quarter. Wealth Management Partners LLC now owns 6,722 shares of the home improvement retailer’s stock valued at $2,031,000 after purchasing an additional 279 shares during the last quarter. Segment Wealth Management LLC grew its position in Home Depot by 5.3% in the third quarter. Segment Wealth Management LLC now owns 43,338 shares of the home improvement retailer’s stock valued at $13,095,000 after purchasing an additional 2,180 shares in the last quarter. Eclectic Associates Inc. ADV lifted its position in Home Depot by 16.1% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 13,140 shares of the home improvement retailer’s stock worth $3,970,000 after buying an additional 1,818 shares in the last quarter. Finally, Horizon Wealth Management LLC grew its holdings in shares of Home Depot by 14.6% in the 3rd quarter. Horizon Wealth Management LLC now owns 770 shares of the home improvement retailer’s stock valued at $233,000 after acquiring an additional 98 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. Finally, HSBC reiterated a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.19.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 2.5 %

NYSE HD traded up $8.45 during mid-day trading on Thursday, reaching $347.28. 2,003,969 shares of the stock were exchanged, compared to its average volume of 3,326,959. The stock has a market cap of $344.16 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a 50 day simple moving average of $360.47 and a 200-day simple moving average of $343.54.

Home Depot (NYSE:HD) last posted 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 return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the company posted $3.30 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts anticipate 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. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 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.