The Home Depot, Inc. (NYSE:HD) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,348 shares of the home improvement retailer's stock after buying an additional 12,776 shares during the period. Dakota Wealth Management's holdings in Home Depot were worth $17,102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Fairfield Bush & CO. purchased a new stake in Home Depot during the first quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new stake in Home Depot during the first quarter valued at approximately $28,000. Keener Financial Planning LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its position in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 32 shares during the period. Finally, Studio Investment Management LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $32,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. TD Cowen upped their price objective on Home Depot from $415.00 to $440.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Evercore ISI reduced their price target on Home Depot from $420.00 to $415.00 and set an "outperform" rating on the stock in a report on Tuesday. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They issued a "buy" rating and a $415.00 price target on the stock. Royal Bank of Canada increased their price target on Home Depot from $299.00 to $377.00 and gave the stock a "sector perform" rating in a report on Monday, February 26th. Finally, Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $375.96.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 0.9 %

Shares of Home Depot stock traded down $3.10 during trading on Tuesday, reaching $334.83. The company's stock had a trading volume of 4,504,019 shares, compared to its average volume of 3,336,531. 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 company has a market cap of $331.82 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a 50-day simple moving average of $369.14 and a two-hundred day simple moving average of $339.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts' expectations of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. Home Depot's dividend payout ratio (DPR) is 59.60%.

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.