Fiducient Advisors LLC Has $866,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Fiducient Advisors LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,500 shares of the home improvement retailer’s stock after selling 70 shares during the period. Fiducient Advisors LLC’s holdings in Home Depot were worth $866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after acquiring an additional 5,525,791 shares in the last quarter. Jennison Associates LLC boosted its stake in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after acquiring an additional 1,207,388 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Home Depot in the third quarter valued at about $207,210,000. Envestnet Asset Management Inc. boosted its stake in Home Depot by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after acquiring an additional 421,619 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after acquiring an additional 346,641 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.8 %

HD traded down $2.57 on Tuesday, reaching $334.23. The company’s stock had a trading volume of 3,088,022 shares, compared to its average volume of 3,341,935. The company has a market capitalization of $331.23 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a 50 day moving average of $363.69 and a two-hundred day moving average of $341.88. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed 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. 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 yield of 2.69%. Home Depot’s payout ratio is currently 59.60%.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Mizuho initiated coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Wedbush boosted their target price on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Telsey Advisory Group increased their target price on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. Finally, Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the business’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 value of $13,265,887.81. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s 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 sale, the chief executive officer now directly 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 owned by company insiders.

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.