Stewart & Patten Co. LLC Has $29.63 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Stewart & Patten Co. LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,510 shares of the home improvement retailer’s stock after selling 30 shares during the quarter. Home Depot makes up 4.6% of Stewart & Patten Co. LLC’s portfolio, making the stock its 4th largest holding. Stewart & Patten Co. LLC’s holdings in Home Depot were worth $29,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harvest Investment Advisors LLC boosted its stake in Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after buying an additional 30 shares during the period. Armstrong Henry H Associates Inc. grew its holdings in Home Depot by 0.3% in the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares in the last quarter. CGC Financial Services LLC grew its holdings in shares of Home Depot by 4.3% during the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 30 shares during the period. Independent Investors Inc. raised its position in Home Depot by 0.5% in the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after purchasing an additional 30 shares in the last quarter. Finally, CCG Wealth Management LLC raised its position in shares of Home Depot by 1.7% during the 3rd quarter. CCG Wealth Management LLC now owns 1,977 shares of the home improvement retailer’s stock worth $597,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, 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 completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at this link. In other 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 value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on 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 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. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HD shares. The Goldman Sachs Group upped their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Guggenheim raised their target price on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Telsey Advisory Group lifted their price objective on Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Stifel Nicolaus boosted their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada upped their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.76.

Home Depot Price Performance

Shares of Home Depot stock traded down $2.29 during trading on Friday, hitting $383.60. The stock had a trading volume of 4,108,328 shares, compared to its average volume of 3,355,391. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a market cap of $380.16 billion, a P/E ratio of 25.40, a PEG ratio of 2.55 and a beta of 0.99. The business has a fifty day moving average of $368.47 and a two-hundred day moving average of $334.54. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio 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.