The Home Depot, Inc. (NYSE:HD) Shares Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,099 shares of the home improvement retailer’s stock after buying an additional 175 shares during the quarter. Home Depot makes up about 1.3% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Home Depot were worth $6,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter valued at $3,740,875,000. Moneta Group Investment Advisors LLC grew its stake in shares of Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after buying an additional 5,525,791 shares in the last quarter. Imprint Wealth LLC grew its stake in shares of Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock valued at $241,323,000 after buying an additional 2,405,473 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Home Depot in the first quarter valued at $563,524,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $342.87 on Friday. The stock has a market capitalization of $339.79 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock’s 50-day moving average price is $369.91 and its 200 day moving average price is $338.32. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. Guggenheim reissued a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Royal Bank of Canada boosted their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

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.