Resonant Capital Advisors LLC Sells 309 Shares of The Home Depot, Inc. (NYSE:HD)

Resonant Capital Advisors LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,884 shares of the home improvement retailer’s stock after selling 309 shares during the period. Resonant Capital Advisors LLC’s holdings in Home Depot were worth $1,693,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its stake in shares of Home Depot by 10.0% in the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after acquiring an additional 1,698,402 shares in the last quarter. Northern Trust Corp grew its stake in Home Depot by 1.3% during 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 buying an additional 153,141 shares in the last quarter. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth about $3,740,875,000. Moneta Group Investment Advisors LLC grew its stake in Home Depot by 105,205.6% during 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 buying an additional 10,984,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Home Depot by 14.5% during 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 buying an additional 1,361,660 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Citigroup increased their price objective on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho initiated coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus increased their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.7 %

Shares of NYSE HD opened at $335.36 on Friday. The company has a 50 day simple moving average of $367.36 and a 200 day simple moving average of $339.21. The firm has a market cap of $332.35 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last issued 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 business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the business earned $3.30 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current 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 dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.68%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Company 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.