Stonebrook Private Inc. Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Stonebrook Private Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,666 shares of the home improvement retailer’s stock after selling 30 shares during the quarter. Home Depot comprises approximately 1.3% of Stonebrook Private Inc.’s portfolio, making the stock its 20th biggest holding. Stonebrook Private Inc.’s holdings in Home Depot were worth $4,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Wealth Group Ltd. boosted its holdings in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares during the last quarter. Tallon Kerry Patrick purchased a new position in Home Depot in the fourth quarter valued at about $281,000. Carnegie Investment Counsel boosted its holdings in Home Depot by 5.2% in the fourth quarter. Carnegie Investment Counsel now owns 49,931 shares of the home improvement retailer’s stock valued at $19,423,000 after purchasing an additional 2,481 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Home Depot by 4.4% in the fourth quarter. Ritholtz Wealth Management now owns 21,695 shares of the home improvement retailer’s stock valued at $8,439,000 after purchasing an additional 922 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its holdings in Home Depot by 1.0% in the fourth quarter. JGP Wealth Management LLC now owns 11,179 shares of the home improvement retailer’s stock valued at $4,349,000 after purchasing an additional 115 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price target on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $430.32.

Home Depot Trading Up 0.6%

HD opened at $380.74 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $378.46 billion, a PE ratio of 25.87, a P/E/G ratio of 4.03 and a beta of 1.05. The company’s 50-day moving average is $358.12 and its 200 day moving average is $387.99.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

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.