The Home Depot, Inc. (NYSE:HD) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 28.6% in the fourth quarter, HoldingsChannel reports. The firm owned 75 shares of the home improvement retailer’s stock after selling 30 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Home Depot were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HD. Berbice Capital Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $4,344,000. Encompass More Asset Management boosted its stake in shares of Home Depot by 26.6% in the fourth quarter. Encompass More Asset Management now owns 1,442 shares of the home improvement retailer’s stock worth $561,000 after acquiring an additional 303 shares during the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of Home Depot by 57.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 4,349 shares of the home improvement retailer’s stock worth $1,692,000 after buying an additional 1,585 shares in the last quarter. Southland Equity Partners LLC grew its stake in Home Depot by 3.6% during the 4th quarter. Southland Equity Partners LLC now owns 2,249 shares of the home improvement retailer’s stock valued at $875,000 after acquiring an additional 78 shares in the last quarter. Finally, St. Johns Investment Management Company LLC grew its position in shares of Home Depot by 3.5% in the fourth quarter. St. Johns Investment Management Company LLC now owns 4,814 shares of the home improvement retailer’s stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the subject of a number of analyst reports. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 0.0 %

HD stock opened at $414.53 on Monday. The stock has a market cap of $411.77 billion, a P/E ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company’s 50 day moving average is $407.14 and its two-hundred day moving average is $390.53.

Home Depot (NYSE:HD) last announced 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 firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the business earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared 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 was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio is presently 61.14%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $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 a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.