Leigh Baldwin & CO. LLC Invests $764,000 in The Home Depot, Inc. (NYSE:HD)

Leigh Baldwin & CO. LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,965 shares of the home improvement retailer's stock, valued at approximately $764,000.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter valued at $5,032,910,000. Raymond James Financial Inc. purchased a new position in shares of Home Depot in the fourth quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after acquiring an additional 2,030,372 shares during the period. Northern Trust Corp raised its stake in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in Home Depot in the 4th quarter worth approximately $471,189,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.1%

NYSE HD traded down $0.53 on Friday, reaching $367.76. 1,268,924 shares of the company were exchanged, compared to its average volume of 3,420,438. 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 fifty-two week low of $323.93 and a fifty-two week high of $439.37. The business's fifty day moving average price is $360.78 and its 200 day moving average price is $386.29. The stock has a market capitalization of $365.56 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.