Centerpoint Advisors LLC Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Centerpoint Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,523 shares of the home improvement retailer’s stock after selling 302 shares during the quarter. Centerpoint Advisors LLC’s holdings in Home Depot were worth $874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Wealth Management LLC DE lifted its position in shares of 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 increased its position in shares of Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after acquiring an additional 200 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in Home Depot by 119.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock worth $890,000 after acquiring an additional 1,605 shares during the period. Cape Cod Five Cents Savings Bank boosted its position in Home Depot by 96.3% in the third quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock worth $22,056,000 after purchasing an additional 35,805 shares during the last quarter. Finally, National Pension Service boosted its position in Home Depot by 6.4% in the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after purchasing an additional 92,354 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD opened at $390.28 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a 50-day moving average price of $366.87 and a 200-day moving average price of $333.43. The company has a market cap of $386.78 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last released 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 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 business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.31%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 value 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 document filed with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the 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 sale, 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. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. Mizuho assumed coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. HSBC downgraded shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price for the company. in a research report on Wednesday, February 21st. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Finally, Stifel Nicolaus increased their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $366.76.

Read Our Latest Analysis on HD

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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