Mendel Capital Management LLC Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Mendel Capital Management LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,065 shares of the home improvement retailer’s stock after purchasing an additional 69 shares during the period. Mendel Capital Management LLC’s holdings in Home Depot were worth $1,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HD. Norges Bank purchased a new position in shares of Home Depot during the fourth quarter valued at about $3,740,875,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after acquiring an additional 10,984,516 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares during the last quarter. Imprint Wealth LLC lifted its holdings in shares of Home Depot by 30,994.4% in the 2nd quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock valued at $241,323,000 after acquiring an additional 2,405,473 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Home Depot in the 1st quarter valued at about $563,524,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HD. Wedbush raised their price objective on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. 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 note on Tuesday, February 13th. Stifel Nicolaus raised their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, HSBC reissued a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $376.35.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $342.87 on Friday. The firm’s fifty day simple moving average is $369.91 and its two-hundred day simple moving average is $338.08. 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 Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a market capitalization 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.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS 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 issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is currently 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.