Schmidt P J Investment Management Inc. Grows Position in The Home Depot, Inc. (NYSE:HD)

Schmidt P J Investment Management Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,099 shares of the home improvement retailer’s stock after purchasing an additional 175 shares during the quarter. Home Depot comprises 1.3% of Schmidt P J Investment Management Inc.’s portfolio, 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 filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. VisionPoint Advisory Group LLC purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot in the 1st quarter worth approximately $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $28,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. Finally, PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction 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 directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction 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 directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction 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 $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Home Depot Trading Down 1.3 %

HD opened at $342.87 on Friday. The firm has a market cap of $339.79 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a fifty day moving average price of $369.91 and a 200-day moving average price of $338.32.

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

Home Depot Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HD shares. Bank of America raised their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group raised their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.35.

Home Depot 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.