The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Bensler LLC

Bensler LLC raised its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 12,725 shares of the home improvement retailer’s stock after buying an additional 42 shares during the period. Bensler LLC’s holdings in Home Depot were worth $4,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Investment Advisors LLC raised its holdings in Home Depot by 0.8% in the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. increased its position in Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after purchasing an additional 30 shares during the period. CGC Financial Services LLC increased its position in Home Depot by 4.3% during the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after purchasing an additional 30 shares during the period. Independent Investors Inc. increased its position in Home Depot by 0.5% during the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after purchasing an additional 30 shares during the period. Finally, Von Berge Wealth Management Group LLC increased its position in Home Depot by 1.9% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 1,739 shares of the home improvement retailer’s stock valued at $619,000 after purchasing an additional 33 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $367.97 on Tuesday. 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’s fifty day simple moving average is $369.40 and its two-hundred day simple moving average is $335.40. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market cap of $364.66 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $3.30 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced 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 2.45%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Telsey Advisory Group increased their target price on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday. Robert W. Baird reissued an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Wells Fargo & Company raised their price objective on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, TD Cowen raised their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.15.

Check Out Our Latest Analysis on Home Depot

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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 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

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

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