Brucke Financial Inc. Buys New Shares in The Home Depot, Inc. (NYSE:HD)

Brucke Financial Inc. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,047 shares of the home improvement retailer's stock, valued at approximately $1,255,000. Home Depot comprises about 1.1% of Brucke Financial Inc.'s investment portfolio, making the stock its 22nd biggest holding.

Other large investors have also made changes to their positions in the company. Wealth Group Ltd. lifted its position in 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 in the last quarter. Tallon Kerry Patrick acquired a new position in Home Depot during the 4th quarter worth about $281,000. Capital & Planning LLC lifted its position in Home Depot by 110.2% during the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after buying an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after buying an additional 32 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its position in Home Depot by 5.0% during the 4th quarter. Red Door Wealth Management LLC now owns 25,108 shares of the home improvement retailer's stock worth $9,767,000 after buying an additional 1,186 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on 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 directly owns 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.1%

NYSE HD traded down $0.44 during trading hours on Friday, reaching $367.85. 4,110,311 shares of the company's stock were exchanged, compared to its average volume of 3,433,492. The company's 50-day moving average is $360.92 and its two-hundred day moving average is $386.04. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $365.65 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 452.60% and a net margin of 9.45%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm 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. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Finally, KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Seven 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

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.