The Home Depot, Inc. (NYSE:HD) is Crestwood Advisors Group LLC’s 5th Largest Position

Crestwood Advisors Group LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 0.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 286,533 shares of the home improvement retailer’s stock after buying an additional 163 shares during the period. Home Depot makes up 2.3% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 5th largest position. Crestwood Advisors Group LLC’s holdings in Home Depot were worth $99,298,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HD. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth about $3,740,875,000. Moneta Group Investment Advisors LLC grew its position in shares of Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after acquiring an additional 5,525,791 shares during the last quarter. Imprint Wealth LLC raised its position in shares of Home Depot by 30,994.4% during the 2nd quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock valued at $241,323,000 after buying an additional 2,405,473 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Home Depot during the 1st quarter worth $563,524,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following 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 document filed with the SEC, which can be accessed through this link. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now 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 Stock Down 1.3 %

HD stock opened at $342.87 on Monday. The stock has a market capitalization of $339.79 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. The company has a 50-day moving average of $369.91 and a two-hundred day moving average of $338.58. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week 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.

Home Depot (NYSE:HD) last issued its quarterly 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 company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.62%. This is a positive change 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 (DPR) is currently 59.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HD shares. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. Stifel Nicolaus increased their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company boosted their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Evercore ISI raised their target price on Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.35.

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.