SYM FINANCIAL Corp Raises Holdings in The Home Depot, Inc. (NYSE:HD)

SYM FINANCIAL Corp raised its position in The Home Depot, Inc. (NYSE:HD) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,626 shares of the home improvement retailer’s stock after acquiring an additional 120 shares during the quarter. SYM FINANCIAL Corp’s holdings in Home Depot were worth $563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its position in shares of Home Depot by 5.0% during the 4th quarter. Connecticut Wealth Management LLC now owns 14,009 shares of the home improvement retailer’s stock worth $4,855,000 after acquiring an additional 666 shares in the last quarter. Avalon Trust Co boosted its holdings in Home Depot by 4.8% in the fourth quarter. Avalon Trust Co now owns 1,494 shares of the home improvement retailer’s stock valued at $518,000 after purchasing an additional 69 shares in the last quarter. National Bank of Canada FI increased its stake in Home Depot by 8.5% in the fourth quarter. National Bank of Canada FI now owns 677,291 shares of the home improvement retailer’s stock valued at $233,643,000 after purchasing an additional 52,948 shares during the last quarter. FourThought Financial Partners LLC raised its holdings in Home Depot by 0.6% during the fourth quarter. FourThought Financial Partners LLC now owns 38,360 shares of the home improvement retailer’s stock worth $13,294,000 after purchasing an additional 233 shares in the last quarter. Finally, TCG Advisory Services LLC raised its holdings in Home Depot by 10.4% during the fourth quarter. TCG Advisory Services LLC now owns 14,924 shares of the home improvement retailer’s stock worth $5,172,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HD shares. Bank of America increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Citigroup lifted their target price on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada boosted their price objective on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling at Home Depot

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

Home Depot Price Performance

Shares of Home Depot stock traded up $7.32 during trading on Friday, reaching $342.85. The company’s stock had a trading volume of 4,165,054 shares, compared to its average volume of 3,606,830. The business has a 50 day moving average price of $361.75 and a 200-day moving average price of $342.08. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $339.77 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the firm earned $3.30 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current 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 given a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

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.