Fidelity D & D Bancorp Inc. Cuts Position in The Home Depot, Inc. (NYSE:HD)

Fidelity D & D Bancorp Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,044 shares of the home improvement retailer’s stock after selling 192 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Home Depot were worth $362,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HD. BCK Partners Inc. acquired a new stake in shares of Home Depot during the first quarter valued at $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter valued at $27,000. Ergoteles LLC acquired a new stake in shares of Home Depot during the first quarter valued at $1,554,000. Equitable Holdings Inc. boosted its stake in shares of Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after acquiring an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after acquiring an additional 24,640 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on 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 completion of 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 SEC, which is available through this hyperlink. In related news, 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 transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank of Canada raised their price target 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. TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. 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. HSBC downgraded Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price objective on the stock. in a report on Wednesday, February 21st. Finally, Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.76.

View Our Latest Stock Analysis on HD

Home Depot Stock Performance

Shares of NYSE:HD opened at $390.28 on Friday. The company has a market cap of $386.78 billion, a P/E ratio of 25.85, a PEG ratio of 2.61 and a beta of 0.99. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The business’s 50-day simple moving average is $366.18 and its 200 day simple moving average is $332.94.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the business earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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