Greenwood Gearhart Inc. Has $2.44 Million Stake in The Home Depot, Inc. (NYSE:HD)

Greenwood Gearhart Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 82.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,259 shares of the home improvement retailer's stock after selling 30,321 shares during the quarter. Greenwood Gearhart Inc.'s holdings in Home Depot were worth $2,435,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the 4th quarter valued at $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $39,000. Finally, NewSquare Capital LLC raised its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock traded up $8.86 during trading on Friday, hitting $354.85. 3,231,380 shares of the stock were exchanged, compared to its average volume of 3,470,719. The stock has a market cap of $352.73 billion, a PE ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. The stock's fifty day moving average is $369.30 and its 200 day moving average is $394.20. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month 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.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The business's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HD shares. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.