Fiducient Advisors LLC Sells 70 Shares of The Home Depot, Inc. (NYSE:HD)

Fiducient Advisors LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the home improvement retailer’s stock after selling 70 shares during the quarter. Fiducient Advisors LLC’s holdings in Home Depot were worth $866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Paces Ferry Wealth Advisors LLC boosted its holdings in Home Depot by 3.2% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 7,346 shares of the home improvement retailer’s stock worth $2,546,000 after acquiring an additional 228 shares during the last quarter. Gibraltar Capital Management Inc. boosted its holdings in shares of Home Depot by 98.5% in the 4th quarter. Gibraltar Capital Management Inc. now owns 4,615 shares of the home improvement retailer’s stock worth $1,599,000 after buying an additional 2,290 shares during the last quarter. Parthenon LLC boosted its holdings in shares of Home Depot by 0.9% in the 4th quarter. Parthenon LLC now owns 23,641 shares of the home improvement retailer’s stock worth $8,193,000 after buying an additional 207 shares during the last quarter. St. Louis Trust Co boosted its holdings in shares of Home Depot by 37.5% in the 4th quarter. St. Louis Trust Co now owns 976 shares of the home improvement retailer’s stock worth $338,000 after buying an additional 266 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Home Depot by 4.4% in the 4th quarter. Savant Capital LLC now owns 47,614 shares of the home improvement retailer’s stock worth $16,501,000 after buying an additional 1,992 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’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 completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale was disclosed in a legal 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 stock was 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 currently owned by insiders.

Home Depot Price Performance

NYSE HD traded down $2.57 on Tuesday, reaching $334.23. 3,088,022 shares of the company’s stock traded hands, compared to its average volume of 3,341,935. The stock has a market cap of $331.23 billion, a PE ratio of 22.13, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 stock has a 50-day simple moving average of $363.69 and a 200 day simple moving average of $341.88.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Citigroup upped their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Telsey Advisory Group upped their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average 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.