The Home Depot, Inc. (NYSE:HD) Shares Sold by Cedar Brook Financial Partners LLC

Cedar Brook Financial Partners LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,030 shares of the home improvement retailer’s stock after selling 117 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Home Depot were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC acquired a new position in shares of Home Depot in the second quarter valued at about $26,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot in the first quarter valued at about $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot in the first quarter valued at about $28,000. Studio Investment Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot in the first quarter valued at about $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 1.2 %

NYSE:HD opened at $390.28 on Friday. The firm has a market cap of $386.78 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.61 and a beta of 0.99. The stock has a fifty day moving average price of $366.18 and a 200 day moving average price of $332.94. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm 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 1,452.22% and a net margin of 9.92%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.30 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HD shares. HSBC downgraded Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a research note on Wednesday, February 21st. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Guggenheim upped their target price on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.76.

Get Our Latest Research Report on Home Depot

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor 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.

Further Reading

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.