Pratt Collard Advisory Partners LLC bought a new position in shares of Home Depot Inc (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,143 shares of the home improvement retailer’s stock, valued at approximately $406,000.

Several other large investors also recently bought and sold shares of HD. Chemung Canal Trust Co. increased its holdings in shares of Home Depot by 0.9% in the fourth quarter. Chemung Canal Trust Co. now owns 45,151 shares of the home improvement retailer’s stock worth $8,558,000 after purchasing an additional 383 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in shares of Home Depot by 4.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 20,389 shares of the home improvement retailer’s stock worth $3,864,000 after purchasing an additional 942 shares during the period. Cerebellum GP LLC bought a new position in shares of Home Depot in the fourth quarter worth $179,000. WoodTrust Financial Corp bought a new position in shares of Home Depot in the fourth quarter worth $312,000. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of Home Depot by 29.2% in the fourth quarter. Duncker Streett & Co. Inc. now owns 21,255 shares of the home improvement retailer’s stock worth $4,029,000 after purchasing an additional 4,800 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

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In other Home Depot news, CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the transaction, the chief executive officer now owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on HD. Credit Suisse Group upped their price target on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their target price on Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Home Depot in a research note on Friday, January 19th. Jefferies Group reissued a “buy” rating and issued a $223.00 target price on shares of Home Depot in a research note on Monday, February 5th. Finally, Oppenheimer reissued a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $193.15.

Shares of Home Depot stock opened at $178.02 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a market cap of $208,046.17, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. During the same period last year, the business posted $1.44 earnings per share. Home Depot’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts anticipate that Home Depot Inc will post 9.43 EPS for the current fiscal year.

Home Depot declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 56.59%.

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Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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