The Home Depot, Inc. (NYSE:HD) Shares Purchased by Field & Main Bank

Field & Main Bank lifted its position in The Home Depot, Inc. (NYSE:HD) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,820 shares of the home improvement retailer’s stock after purchasing an additional 400 shares during the quarter. Home Depot makes up 2.5% of Field & Main Bank’s investment portfolio, making the stock its 6th biggest holding. Field & Main Bank’s holdings in Home Depot were worth $5,829,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HD. Kestra Private Wealth Services LLC raised its stake in Home Depot by 8.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 86,110 shares of the home improvement retailer’s stock valued at $29,841,000 after acquiring an additional 6,441 shares during the last quarter. Ledyard National Bank raised its stake in Home Depot by 4.6% during the 4th quarter. Ledyard National Bank now owns 38,608 shares of the home improvement retailer’s stock valued at $13,380,000 after acquiring an additional 1,696 shares during the last quarter. Van ECK Associates Corp raised its stake in Home Depot by 1.4% during the 4th quarter. Van ECK Associates Corp now owns 72,662 shares of the home improvement retailer’s stock valued at $25,181,000 after acquiring an additional 1,014 shares during the last quarter. LWM Advisory Services LLC raised its stake in Home Depot by 41.8% during the 4th quarter. LWM Advisory Services LLC now owns 1,852 shares of the home improvement retailer’s stock valued at $642,000 after acquiring an additional 546 shares during the last quarter. Finally, Steele Capital Management Inc. purchased a new stake in Home Depot during the 4th quarter valued at approximately $429,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD traded up $1.71 during trading hours on Monday, reaching $336.80. 2,602,918 shares of the company traded hands, compared to its average volume of 3,343,672. The firm’s 50-day moving average is $364.25 and its 200-day moving average is $341.58. The stock has a market cap of $333.78 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.37 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 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, 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 insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stifel Nicolaus upped their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Royal Bank of Canada increased their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Guggenheim reissued a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Finally, Wells Fargo & Company increased their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.