Resonant Capital Advisors LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Resonant Capital Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 6.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,884 shares of the home improvement retailer’s stock after selling 309 shares during the period. Resonant Capital Advisors LLC’s holdings in Home Depot were worth $1,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Fairfield Bush & CO. bought a new stake in Home Depot in the first quarter valued at approximately $27,000. KB Financial Partners LLC bought a new stake in Home Depot in the first quarter valued at approximately $28,000. Keener Financial Planning LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its position in Home Depot by 53.3% in 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 last quarter. Finally, Studio Investment Management LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related 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 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 approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 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 approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Guggenheim restated a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Evercore ISI decreased their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday. HSBC restated a “reduce” rating and set a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Finally, TD Cowen upped their target price on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Price Performance

Shares of NYSE:HD opened at $335.36 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. 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 business has a fifty day moving average price of $367.36 and a 200-day moving average price of $339.21. The company has a market capitalization of $332.35 billion, a PE ratio of 22.21, a PEG ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business 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. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Company 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.