The Home Depot, Inc. (NYSE:HD) Shares Acquired by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136 shares of the home improvement retailer’s stock after acquiring an additional 39 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Home Depot were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter worth $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot in the 4th quarter valued at about $41,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 3rd quarter valued at approximately $46,000. Finally, Quarry LP lifted its position in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.6 %

Shares of Home Depot stock opened at $411.86 on Friday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business’s fifty day moving average is $407.86 and its two-hundred day moving average is $392.46. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. Company insiders own 0.10% of the company’s stock.

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.