Baron Silver Stevens Financial Advisors LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Baron Silver Stevens Financial Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 16.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,158 shares of the home improvement retailer’s stock after buying an additional 301 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Home Depot were worth $840,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HD. International Assets Investment Management LLC increased its holdings in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Home Depot in the 3rd quarter worth about $336,231,000. FMR LLC increased its holdings in Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after purchasing an additional 518,054 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $159,365,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on 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 owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on 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 directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

NYSE:HD opened at $414.53 on Friday. The stock’s fifty day moving average is $407.01 and its 200 day moving average is $389.64. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $411.77 billion, a PE ratio of 28.16, a PEG ratio of 4.32 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 quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.81 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.