Independent Investors Inc. Reduces Stake in Home Depot Inc (NYSE:HD)

Independent Investors Inc. reduced its stake in Home Depot Inc (NYSE:HD) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,103 shares of the home improvement retailer’s stock after selling 170 shares during the quarter. Independent Investors Inc.’s holdings in Home Depot were worth $1,987,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HD. Boenning & Scattergood Inc. grew its holdings in shares of Home Depot by 3.5% during the 4th quarter. Boenning & Scattergood Inc. now owns 26,242 shares of the home improvement retailer’s stock worth $5,731,000 after purchasing an additional 898 shares during the period. Ascension Asset Management LLC grew its holdings in shares of Home Depot by 2.0% during the 4th quarter. Ascension Asset Management LLC now owns 6,415 shares of the home improvement retailer’s stock worth $1,401,000 after purchasing an additional 125 shares during the period. KCS Wealth Advisory grew its holdings in shares of Home Depot by 3.7% during the 4th quarter. KCS Wealth Advisory now owns 2,617 shares of the home improvement retailer’s stock worth $571,000 after purchasing an additional 94 shares during the period. Campbell Wealth Management grew its holdings in shares of Home Depot by 3.7% during the 4th quarter. Campbell Wealth Management now owns 1,528 shares of the home improvement retailer’s stock worth $334,000 after purchasing an additional 54 shares during the period. Finally, Relyea Zuckerberg Hanson LLC purchased a new position in shares of Home Depot during the 4th quarter worth $523,000. Institutional investors own 69.87% of the company’s stock.

HD stock opened at $224.59 on Thursday. The firm has a market capitalization of $243.05 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00. The business’s 50-day moving average is $218.89 and its two-hundred day moving average is $222.23. Home Depot Inc has a 1 year low of $172.00 and a 1 year high of $239.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.53. The company had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. Home Depot’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. On average, equities analysts anticipate that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Home Depot’s dividend payout ratio is currently 55.01%.

A number of research firms have recently weighed in on HD. Loop Capital reiterated a “hold” rating and set a $200.00 price target on shares of Home Depot in a report on Thursday, December 12th. They noted that the move was a valuation call. Oppenheimer increased their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. DZ Bank lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Jefferies Financial Group increased their target price on Home Depot from $246.00 to $268.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Longbow Research reissued a “buy” rating and set a $255.00 target price on shares of Home Depot in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company. Home Depot has an average rating of “Buy” and an average price target of $237.31.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Insiders sold a total of 126,552 shares of company stock worth $26,765,281 in the last ninety days. 0.27% of the stock is owned by corporate insiders.

About Home Depot

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.

Read More: Treasury Bonds

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.