Monte Financial Group LLC Has $6.87 Million Position in The Home Depot, Inc. (NYSE:HD)

Monte Financial Group LLC increased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,816 shares of the home improvement retailer’s stock after purchasing an additional 141 shares during the quarter. Home Depot accounts for approximately 3.2% of Monte Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Monte Financial Group LLC’s holdings in Home Depot were worth $6,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Wealth Management LLC DE lifted its holdings 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 acquiring an additional 3,162 shares during the last quarter. Alliance Wealth Management Group bought a new position in shares of Home Depot in the fourth quarter worth about $253,000. Psagot Value Holdings Ltd. Israel lifted its holdings 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 acquiring an additional 200 shares during the last quarter. Zullo Investment Group Inc. lifted its holdings 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 acquiring an additional 504 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Home Depot by 1.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,563 shares of the home improvement retailer’s stock worth $6,780,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $363.00 on Wednesday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The firm has a 50 day moving average of $369.63 and a 200-day moving average of $335.67. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market cap of $359.74 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the business earned $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, 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. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Guggenheim increased their target price on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday. TD Cowen upped their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Citigroup upped their price objective on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Evercore ISI upped their price objective on Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.35.

Read Our Latest Analysis on HD

Home Depot Profile

(Free Report)

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 d├ęcor 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.

See Also

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

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