Palladium Partners LLC Cuts Stake in The Home Depot (HD)

Palladium Partners LLC lessened its holdings in shares of The Home Depot (NYSE:HD) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 176,607 shares of the home improvement retailer’s stock after selling 5,531 shares during the period. The Home Depot accounts for 2.4% of Palladium Partners LLC’s holdings, making the stock its 6th biggest holding. Palladium Partners LLC’s holdings in The Home Depot were worth $33,473,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. APG Asset Management N.V. lifted its holdings in The Home Depot by 6.3% in the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock valued at $366,731,000 after buying an additional 133,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in The Home Depot by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,380 shares of the home improvement retailer’s stock valued at $512,473,000 after buying an additional 8,344 shares during the period. HM Payson & Co. lifted its holdings in The Home Depot by 88.2% in the third quarter. HM Payson & Co. now owns 143,617 shares of the home improvement retailer’s stock valued at $23,490,000 after buying an additional 67,309 shares during the period. Marietta Wealth Management LLC lifted its holdings in The Home Depot by 22.5% in the third quarter. Marietta Wealth Management LLC now owns 19,382 shares of the home improvement retailer’s stock valued at $3,170,000 after buying an additional 3,556 shares during the period. Finally, Trillium Asset Management LLC lifted its holdings in The Home Depot by 4.4% in the fourth quarter. Trillium Asset Management LLC now owns 125,461 shares of the home improvement retailer’s stock valued at $23,778,000 after buying an additional 5,328 shares during the period. Institutional investors own 70.70% of the company’s stock.

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In other news, Director Gregory D. Brenneman acquired 16,827 shares of The Home Depot stock in a transaction on Wednesday, March 21st. The stock was acquired at an average cost of $178.29 per share, with a total value of $3,000,085.83. Following the transaction, the director now owns 46,332 shares of the company’s stock, valued at approximately $8,260,532.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Armando M. Codina acquired 6,650 shares of The Home Depot stock in a transaction on Friday, March 2nd. The stock was purchased at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the transaction, the director now directly owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders sold a total of 169,027 shares of company stock valued at $31,220,882 over the last ninety days. 0.25% of the stock is currently owned by insiders.

NYSE:HD opened at $174.91 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The stock has a market cap of $201,787.03, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The Home Depot has a one year low of $144.25 and a one year high of $207.60.

The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. equities analysts predict that The Home Depot will post 9.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. This is an increase from The Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s dividend payout ratio is presently 55.23%.

Several equities analysts recently issued reports on HD shares. BMO Capital Markets boosted their target price on shares of The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Jefferies Group restated a “buy” rating and issued a $223.00 target price on shares of The Home Depot in a report on Monday, February 5th. Morgan Stanley set a $210.00 price target on shares of The Home Depot and gave the company a “buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, February 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $217.00 price target (down from $220.00) on shares of The Home Depot in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $194.45.

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The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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