Blue Fin Capital Inc. Buys 796 Shares of The Home Depot, Inc. (NYSE:HD)

Blue Fin Capital Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,042 shares of the home improvement retailer's stock after buying an additional 796 shares during the period. Home Depot accounts for approximately 0.7% of Blue Fin Capital Inc.'s holdings, making the stock its 27th biggest position. Blue Fin Capital Inc.'s holdings in Home Depot were worth $3,906,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wealth Group Ltd. grew its position in shares of Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the period. Tallon Kerry Patrick bought a new position in Home Depot in the fourth quarter valued at approximately $281,000. Capital & Planning LLC lifted its stake in Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after buying an additional 563 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Home Depot in the fourth quarter valued at approximately $634,000. Finally, Ironwood Wealth Management LLC. boosted its holdings in Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after purchasing an additional 32 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.8%

Shares of NYSE:HD traded down $2.96 during mid-day trading on Friday, hitting $363.17. The company had a trading volume of 3,114,029 shares, compared to its average volume of 3,431,641. The company has a market capitalization of $361.00 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The firm has a fifty day moving average price of $359.90 and a 200 day moving average price of $387.19. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Analyst Ratings Changes

Several research analysts recently commented on HD shares. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.