Stolper Co Acquires 108 Shares of The Home Depot, Inc. (NYSE:HD)

Stolper Co raised its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,472 shares of the home improvement retailer’s stock after acquiring an additional 108 shares during the period. Home Depot comprises approximately 1.7% of Stolper Co’s holdings, making the stock its 22nd largest holding. Stolper Co’s holdings in Home Depot were worth $5,240,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HD. Sienna Gestion raised its holdings in Home Depot by 0.5% in the 2nd quarter. Sienna Gestion now owns 55,761 shares of the home improvement retailer’s stock valued at $19,186,000 after acquiring an additional 255 shares in the last quarter. Miramar Capital LLC raised its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Miramar Capital LLC now owns 42,137 shares of the home improvement retailer’s stock worth $14,505,000 after buying an additional 152 shares in the last quarter. AllGen Financial Advisors Inc. raised its holdings in shares of Home Depot by 64.2% in the 2nd quarter. AllGen Financial Advisors Inc. now owns 2,301 shares of the home improvement retailer’s stock worth $792,000 after buying an additional 900 shares in the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $3,858,000. Finally, Concorde Asset Management LLC raised its holdings in shares of Home Depot by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.8 %

NYSE:HD opened at $409.21 on Friday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $406.50 billion, a P/E ratio of 27.80, a P/E/G ratio of 4.11 and a beta of 1.05. The stock’s fifty day simple moving average is $406.24 and its 200-day simple moving average is $386.78.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Home Depot 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.