Charter Oak Capital Management LLC Has $870,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Charter Oak Capital Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,511 shares of the home improvement retailer’s stock after purchasing an additional 119 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Home Depot were worth $870,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HD. VisionPoint Advisory Group LLC acquired a new stake in Home Depot in the second quarter worth $26,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the first quarter valued at about $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot during the first quarter valued at about $28,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $31,000. Finally, PFG Private Wealth Management LLC grew its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HD. Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. HSBC reiterated a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $325.00 to $372.00 in a report on Thursday, January 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $376.35.

Home Depot Price Performance

Shares of NYSE:HD opened at $342.87 on Friday. The company has a 50 day moving average of $369.91 and a 200 day moving average of $338.08. The stock has a market cap of $339.79 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.31 and a beta of 0.98. 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:HD) last issued its quarterly earnings data 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. The company 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%. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. Home Depot’s dividend payout ratio is presently 59.60%.

Home Depot Profile

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.