Financial Management Network Inc. Has $1.89 Million Position in The Home Depot, Inc. (NYSE:HD)

Financial Management Network Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,520 shares of the home improvement retailer’s stock after selling 325 shares during the quarter. Financial Management Network Inc.’s holdings in Home Depot were worth $1,893,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Congress Wealth Management LLC DE lifted its stake in Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares during the last quarter. Alliance Wealth Management Group acquired a new stake in Home Depot in the fourth quarter valued at approximately $253,000. Psagot Value Holdings Ltd. Israel lifted its stake in Home Depot by 8.0% in 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. Zullo Investment Group Inc. lifted its stake in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in Home Depot by 1.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,563 shares of the home improvement retailer’s stock valued at $6,780,000 after acquiring an additional 301 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. DA Davidson reiterated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research note on Monday. TD Cowen lifted their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. Finally, Stifel Nicolaus lifted their price target 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $376.35.

View Our Latest Stock Report on Home Depot

Home Depot Stock Down 1.4 %

HD opened at $363.00 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two 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. The firm’s fifty day moving average price is $369.63 and its two-hundred day moving average price is $335.67. The company has a market capitalization of $359.74 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the company earned $3.30 EPS. The firm’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 announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

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 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.

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

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