Stonebridge Financial Group LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Stonebridge Financial Group LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,906 shares of the home improvement retailer’s stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.6 %

HD stock opened at $416.39 on Wednesday. The company’s 50 day moving average price is $405.88 and its 200 day moving average price is $394.98. The firm has a market capitalization of $413.63 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS 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 paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.16%. Home Depot’s payout ratio is currently 61.14%.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on HD shares. Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $428.85.

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.