Nilsine Partners LLC Sells 9,632 Shares of The Home Depot, Inc. (NYSE:HD)

Nilsine Partners LLC reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 66.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,757 shares of the home improvement retailer's stock after selling 9,632 shares during the quarter. Nilsine Partners LLC's holdings in Home Depot were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HD. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth $3,740,875,000. Moneta Group Investment Advisors LLC raised its position in Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer's stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares during the period. International Assets Investment Management LLC raised its position in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer's stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the period. Comerica Bank purchased a new position in Home Depot in the second quarter valued at about $7,703,690,000. Finally, Imprint Wealth LLC raised its position in Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer's stock valued at $241,323,000 after purchasing an additional 2,405,473 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HD. Citigroup raised their price objective on Home Depot from $333.00 to $415.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. HSBC reissued a "reduce" rating and issued a $323.00 price objective on shares of Home Depot in a research report on Wednesday. Stifel Nicolaus raised their price objective on Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a research report on Friday, February 16th. Royal Bank of Canada raised their target price on Home Depot from $299.00 to $377.00 and gave the company a "sector perform" rating in a research note on Monday, February 26th. Finally, Oppenheimer downgraded Home Depot from an "outperform" rating to a "market perform" rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $376.35.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company's stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company's stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company's stock.

Home Depot Stock Performance

HD stock traded up $0.19 during midday trading on Friday, reaching $357.87. The company had a trading volume of 3,242,816 shares, compared to its average volume of 3,583,776. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a 50 day moving average price of $370.30 and a 200 day moving average price of $336.89. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $354.66 billion, a PE ratio of 23.70, a P/E/G ratio of 2.38 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analysts' expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot's previous quarterly dividend of $2.09. Home Depot's payout ratio is 59.60%.

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.