Forum Private Client Group LLC Invests $237,000 in The Home Depot, Inc. (NYSE:HD)

Forum Private Client Group LLC bought a new position in The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 684 shares of the home improvement retailer’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Congress Wealth Management LLC DE lifted its holdings in Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after buying an additional 3,162 shares in the last quarter. Psagot Value Holdings Ltd. Israel lifted its holdings in Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares in the last quarter. Zullo Investment Group Inc. lifted its holdings in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of Home Depot by 1.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,563 shares of the home improvement retailer’s stock valued at $6,780,000 after purchasing an additional 301 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of Home Depot by 119.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock valued at $890,000 after purchasing an additional 1,605 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.6 %

Home Depot stock opened at $383.60 on Monday. The firm has a 50-day moving average of $369.40 and a 200-day moving average of $335.33. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. 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 company has a market cap of $380.16 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.53 and a beta of 0.99.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data 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 company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the business posted $3.30 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Guggenheim increased their price target on Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus increased their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $368.76.

Check Out Our Latest Analysis on HD

Insider Activity at Home Depot

In related 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

About Home Depot

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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