The Home Depot, Inc. (NYSE:HD) Position Decreased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,634 shares of the home improvement retailer’s stock after selling 5,069 shares during the quarter. Home Depot accounts for approximately 1.0% of Silvercrest Asset Management Group LLC’s portfolio, making the stock its 9th largest position. Silvercrest Asset Management Group LLC’s holdings in Home Depot were worth $146,118,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc grew its stake in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after purchasing an additional 3,873 shares during the period. Disciplined Investors L.L.C. purchased a new position in Home Depot in the 4th quarter worth approximately $409,000. JPL Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $3,193,000. Finally, Umpqua Bank boosted its stake in shares of Home Depot by 26.5% during the fourth quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock valued at $2,425,000 after purchasing an additional 1,294 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $470.00 to $410.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Finally, Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $430.32.

Home Depot Trading Up 1.7%

Shares of HD stock opened at $379.13 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $376.87 billion, a P/E ratio of 25.76, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s 50 day moving average is $357.87 and its 200 day moving average is $388.12.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.43%. Home Depot’s dividend payout ratio is presently 61.66%.

About Home Depot

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.