Roman Butler Fullerton & Co. Decreases Position in The Home Depot, Inc. (NYSE:HD)

Roman Butler Fullerton & Co. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,108 shares of the home improvement retailer’s stock after selling 203 shares during the quarter. Home Depot makes up approximately 1.1% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 21st biggest position. Roman Butler Fullerton & Co.’s holdings in Home Depot were worth $3,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HD. Campbell Wealth Management increased its position in Home Depot by 112.5% during the fourth quarter. Campbell Wealth Management now owns 2,051 shares of the home improvement retailer’s stock worth $798,000 after buying an additional 1,086 shares during the period. Asset Planning Inc acquired a new position in Home Depot during the fourth quarter worth approximately $686,000. Pictet North America Advisors SA increased its position in Home Depot by 1.8% during the fourth quarter. Pictet North America Advisors SA now owns 13,666 shares of the home improvement retailer’s stock worth $5,316,000 after buying an additional 244 shares during the period. W.H. Cornerstone Investments Inc. increased its position in Home Depot by 47.2% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 1,400 shares of the home improvement retailer’s stock worth $545,000 after buying an additional 449 shares during the period. Finally, CFC Planning Co LLC acquired a new position in Home Depot during the fourth quarter worth approximately $315,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

HD opened at $409.47 on Friday. The business’s fifty day moving average is $404.93 and its two-hundred day moving average is $395.58. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $406.76 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.81 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Bank of America lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

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.