Alhambra Investment Management LLC Has $2.33 Million Position in The Home Depot, Inc. (NYSE:HD)

Alhambra Investment Management LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,986 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the period. Home Depot accounts for about 1.2% of Alhambra Investment Management LLC’s portfolio, making the stock its 26th largest position. Alhambra Investment Management LLC’s holdings in Home Depot were worth $2,328,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Verity & Verity LLC grew its holdings in shares of Home Depot by 28.4% during the fourth quarter. Verity & Verity LLC now owns 24,667 shares of the home improvement retailer’s stock worth $9,595,000 after purchasing an additional 5,458 shares during the last quarter. Trust Co of Kansas grew its holdings in shares of Home Depot by 12.0% during the fourth quarter. Trust Co of Kansas now owns 1,318 shares of the home improvement retailer’s stock worth $513,000 after purchasing an additional 141 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of Home Depot by 1.5% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,135 shares of the home improvement retailer’s stock worth $1,997,000 after purchasing an additional 77 shares during the last quarter. InTrack Investment Management Inc grew its holdings in shares of Home Depot by 77.2% during the fourth quarter. InTrack Investment Management Inc now owns 4,115 shares of the home improvement retailer’s stock worth $1,616,000 after purchasing an additional 1,793 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management boosted its holdings in Home Depot by 0.4% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,855 shares of the home improvement retailer’s stock valued at $5,390,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

Shares of Home Depot stock opened at $409.42 on Monday. The business’s 50 day simple moving average is $406.51 and its 200 day simple moving average is $387.81. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a market cap of $406.70 billion, a PE ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HD. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Bank of America raised their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.