Mosaic Family Wealth Partners LLC Has $763,000 Position in The Home Depot, Inc. (NYSE:HD)

Mosaic Family Wealth Partners LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 23.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,202 shares of the home improvement retailer’s stock after buying an additional 418 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Home Depot were worth $763,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Morgan Stanley raised its position in Home Depot by 10.0% in the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after purchasing an additional 1,698,402 shares in the last quarter. Northern Trust Corp raised its position in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares in the last quarter. Norges Bank acquired a new position in Home Depot in the fourth quarter worth about $3,740,875,000. Moneta Group Investment Advisors LLC raised its position in Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after purchasing an additional 10,984,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot 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 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 document filed with the SEC, which is available at the SEC website. In other Home Depot 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 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 document filed with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the 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 completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $342.87 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a market cap of $339.79 billion, a PE ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. 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 firm’s 50 day moving average price is $369.91 and its two-hundred day moving average price is $338.32.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the firm earned $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. 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%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. HSBC reaffirmed a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. Evercore ISI upped 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. Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. TD Cowen upped their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.35.

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.