The Home Depot, Inc. (NYSE:HD) Shares Acquired by Field & Main Bank

Field & Main Bank grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,335 shares of the home improvement retailer’s stock after purchasing an additional 147 shares during the period. Home Depot makes up approximately 2.4% of Field & Main Bank’s portfolio, making the stock its 7th biggest holding. Field & Main Bank’s holdings in Home Depot were worth $6,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allen Capital Group LLC grew its stake in shares of Home Depot by 5.8% in the fourth quarter. Allen Capital Group LLC now owns 17,481 shares of the home improvement retailer’s stock worth $6,800,000 after purchasing an additional 961 shares during the last quarter. Iams Wealth Management LLC grew its position in shares of Home Depot by 2.9% in the 4th quarter. Iams Wealth Management LLC now owns 5,273 shares of the home improvement retailer’s stock valued at $2,052,000 after buying an additional 147 shares during the last quarter. Foster Victor Wealth Advisors LLC increased its stake in shares of Home Depot by 80.6% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 33,981 shares of the home improvement retailer’s stock valued at $13,911,000 after buying an additional 15,167 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Home Depot by 7.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 709,443 shares of the home improvement retailer’s stock worth $275,966,000 after acquiring an additional 52,155 shares during the last quarter. Finally, Foster Group Inc. lifted its stake in shares of Home Depot by 55.8% in the fourth quarter. Foster Group Inc. now owns 2,703 shares of the home improvement retailer’s stock worth $1,052,000 after acquiring an additional 968 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated 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. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last three months. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $411.86 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $409.13 billion, a PE ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The stock’s 50 day moving average price is $408.02 and its 200-day moving average price is $392.08. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during 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%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HD. Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Guggenheim increased their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.