Talisman Wealth Advisors LLC Sells 34 Shares of The Home Depot, Inc. (NYSE:HD)

Talisman Wealth Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Home Depot accounts for 1.0% of Talisman Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Talisman Wealth Advisors LLC’s holdings in Home Depot were worth $938,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HD. K.J. Harrison & Partners Inc grew its holdings in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after purchasing an additional 3,873 shares during the period. Disciplined Investors L.L.C. bought a new stake in Home Depot during the fourth quarter worth about $409,000. JPL Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $3,193,000. Finally, Umpqua Bank increased its holdings in Home Depot by 26.5% in the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock valued at $2,425,000 after buying an additional 1,294 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

NYSE:HD opened at $379.03 on Tuesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $376.77 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 4.03 and a beta of 1.05. The firm has a fifty day simple moving average of $358.40 and a two-hundred day simple moving average of $387.85.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.60 by ($0.04). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same period last year, the company earned $3.63 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.43%. Home Depot’s payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target on Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on Home Depot from $470.00 to $410.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

Home Depot 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.