Foundry Partners LLC Has $527,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Foundry Partners LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,520 shares of the home improvement retailer’s stock after buying an additional 220 shares during the quarter. Foundry Partners LLC’s holdings in Home Depot were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Congress Wealth Management LLC DE lifted its position in shares of Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after purchasing an additional 3,162 shares in the last quarter. Wolf Group Capital Advisors lifted its position in shares of Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new stake in shares of Home Depot in the fourth quarter worth $253,000. Psagot Value Holdings Ltd. Israel lifted its position in shares of Home Depot by 8.0% in the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after purchasing an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its position in shares of Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.2 %

HD stock opened at $336.02 on Tuesday. 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 company’s 50-day simple moving average is $366.77 and its 200 day simple moving average is $340.19. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a market capitalization of $333.00 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.23 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 EPS for the quarter, beating 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 the consensus estimate of $34.64 billion. During the same period in the prior year, the company posted $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. Home Depot’s dividend payout ratio is 59.60%.

Analysts Set New Price Targets

A number of analysts have recently commented on HD shares. Wedbush boosted their price objective on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. TD Cowen upped their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Evercore ISI dropped their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen 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 $375.96.

About Home Depot

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.