Buttonwood Financial Advisors Inc. Sells 66 Shares of The Home Depot, Inc. (NYSE:HD)

Buttonwood Financial Advisors Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 7,194 shares of the home improvement retailer’s stock after selling 66 shares during the quarter. Home Depot makes up approximately 1.4% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 21st biggest holding. Buttonwood Financial Advisors Inc.’s holdings in Home Depot were worth $2,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. VisionPoint Advisory Group LLC bought a new position in Home Depot during the second quarter valued at about $26,000. Fairfield Bush & CO. bought a new position in Home Depot during the first quarter valued at about $27,000. KB Financial Partners LLC bought a new position in Home Depot during the first quarter valued at about $28,000. Studio Investment Management LLC bought a new position in Home Depot during the fourth quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the first quarter valued at about $37,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Stifel Nicolaus boosted 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. Royal Bank of Canada lifted their price objective on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. DA Davidson reaffirmed a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday. Guggenheim lifted their price objective on Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, TD Cowen lifted their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $376.15.

Get Our Latest Analysis on Home Depot

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Home Depot Stock Down 4.1 %

NYSE:HD opened at $367.97 on Tuesday. The stock’s fifty day moving average price is $369.40 and its two-hundred day moving average price is $335.40. 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 quick ratio of 0.40 and a current ratio of 1.35. The company has a market cap of $364.66 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the business earned $3.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed 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 is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.45%. Home Depot’s dividend payout ratio is currently 59.60%.

Home Depot Profile

(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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