Silver Oak Securities Incorporated Purchases 1,733 Shares of The Home Depot, Inc. (NYSE:HD)

Silver Oak Securities Incorporated grew its position in The Home Depot, Inc. (NYSE:HD) by 51.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,107 shares of the home improvement retailer’s stock after purchasing an additional 1,733 shares during the period. Silver Oak Securities Incorporated’s holdings in Home Depot were worth $1,770,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Congress Wealth Management LLC DE raised its holdings in Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after acquiring an additional 3,162 shares in the last quarter. Hartline Investment Corp raised its holdings in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after acquiring an additional 460 shares in the last quarter. Wolf Group Capital Advisors raised its holdings in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after acquiring an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new stake in Home Depot during the fourth quarter worth about $253,000. Finally, Psagot Value Holdings Ltd. Israel raised its holdings in Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 200 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE HD traded up $3.11 on Friday, hitting $335.09. 2,465,262 shares of the company’s stock were exchanged, compared to its average volume of 3,779,238. The stock has a 50-day moving average of $364.77 and a 200-day moving average of $340.97. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market cap of $332.08 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly 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. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the company earned $3.30 EPS. Home Depot’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

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

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the 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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HD shares. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. TD Cowen boosted their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Robert W. Baird reissued an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Finally, HSBC reaffirmed a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

About Home Depot

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.