Taylor Financial Group Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Taylor Financial Group Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HDFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,673 shares of the home improvement retailer’s stock, valued at approximately $3,006,000. Home Depot makes up 2.5% of Taylor Financial Group Inc.’s holdings, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Research Global Investors boosted its stake in shares of Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the last quarter. Norges Bank acquired a new position in Home Depot during the fourth quarter worth $4,311,070,000. Northern Trust Corp boosted its stake in Home Depot by 1.3% during the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after buying an additional 153,141 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Home Depot stock traded down $1.11 during mid-day trading on Friday, reaching $346.77. 2,588,812 shares of the company were exchanged, compared to its average volume of 3,403,298. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm’s 50-day simple moving average is $337.79 and its two-hundred day simple moving average is $350.49. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The firm has a market cap of $343.86 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.82 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.3 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. UBS Group decreased their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Evercore ISI boosted their price objective on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $377.46.

Read Our Latest Stock Analysis on Home Depot

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

About Home Depot

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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