Intact Investment Management Inc. Sells 2,100 Shares of The Home Depot, Inc. (NYSE:HD)

Intact Investment Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,500 shares of the home improvement retailer’s stock after selling 2,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Home Depot were worth $10,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC lifted its holdings in Home Depot by 214.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 47,514 shares of the home improvement retailer’s stock worth $14,357,000 after purchasing an additional 32,395 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Home Depot by 6.6% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 10,248 shares of the home improvement retailer’s stock valued at $3,096,000 after acquiring an additional 636 shares in the last quarter. KFG Wealth Management LLC raised its holdings in shares of Home Depot by 1.8% in the 3rd quarter. KFG Wealth Management LLC now owns 2,571 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 45 shares in the last quarter. Nikulski Financial Inc. raised its holdings in shares of Home Depot by 0.7% in the 3rd quarter. Nikulski Financial Inc. now owns 7,522 shares of the home improvement retailer’s stock valued at $2,273,000 after acquiring an additional 52 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Home Depot by 241.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 23,738 shares of the home improvement retailer’s stock valued at $7,173,000 after acquiring an additional 16,790 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD traded up $3.11 during trading hours on Friday, hitting $335.09. The stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. 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 12 month low of $274.26 and a 12 month high of $396.87. The firm has a market capitalization of $332.08 billion, a PE ratio of 22.19, a PEG ratio of 2.21 and a beta of 0.98. The stock has a fifty day moving average price of $364.77 and a 200 day moving average price of $340.68.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $325.00 to $372.00 in a report on Thursday, January 4th. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. Wells Fargo & Company raised their price objective on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus raised their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.