Claro Advisors LLC Has $4.92 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Claro Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,642 shares of the home improvement retailer’s stock after selling 899 shares during the period. Home Depot makes up approximately 0.7% of Claro Advisors LLC’s holdings, making the stock its 24th biggest holding. Claro Advisors LLC’s holdings in Home Depot were worth $4,918,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its holdings in shares of Home Depot by 7.6% in the second quarter. Brown Brothers Harriman & Co. now owns 34,539 shares of the home improvement retailer’s stock valued at $11,890,000 after purchasing an additional 2,434 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Home Depot in the second quarter valued at approximately $82,000. Marble Harbor Investment Counsel LLC raised its holdings in shares of Home Depot by 2.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 9,185 shares of the home improvement retailer’s stock valued at $3,162,000 after purchasing an additional 200 shares during the last quarter. Bcwm LLC raised its holdings in shares of Home Depot by 15.6% in the second quarter. Bcwm LLC now owns 27,489 shares of the home improvement retailer’s stock valued at $9,463,000 after purchasing an additional 3,718 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in shares of Home Depot by 6.9% in the second quarter. Capital Wealth Planning LLC now owns 1,419,580 shares of the home improvement retailer’s stock valued at $488,676,000 after purchasing an additional 91,267 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.1 %

Shares of Home Depot stock opened at $389.65 on Tuesday. The firm has a 50-day moving average of $406.03 and a 200-day moving average of $386.31. The stock has a market cap of $387.06 billion, a PE ratio of 26.47, a PEG ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.81 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by corporate insiders.

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.