Opes Wealth Management LLC Decreases Position in The Home Depot, Inc. (NYSE:HD)

Opes Wealth Management LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 685 shares of the home improvement retailer’s stock after selling 49 shares during the quarter. Opes Wealth Management LLC’s holdings in Home Depot were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kellett Wealth Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $212,000. Colton Groome Financial Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $276,000. Sterling Financial Planning Inc. boosted its stake in shares of Home Depot by 7.8% in the fourth quarter. Sterling Financial Planning Inc. now owns 1,409 shares of the home improvement retailer’s stock valued at $488,000 after buying an additional 102 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Home Depot by 62.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 9,669 shares of the home improvement retailer’s stock valued at $3,351,000 after buying an additional 3,720 shares in the last quarter. Finally, AIA Group Ltd boosted its stake in shares of Home Depot by 0.3% in the fourth quarter. AIA Group Ltd now owns 130,305 shares of the home improvement retailer’s stock valued at $45,157,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Evercore ISI decreased their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday. Citigroup lifted their price target on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus lifted 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. Royal Bank of Canada upped their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. Finally, Telsey Advisory Group raised their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.7 %

NYSE HD opened at $335.36 on Friday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a 50-day moving average of $367.36 and a 200-day moving average of $339.21. 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 company has a market cap of $332.35 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last posted 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 net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the company posted $3.30 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is currently 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.