CCLA Investment Management Sells 1,586 Shares of The Home Depot, Inc. (NYSE:HD)

CCLA Investment Management reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,586 shares of the home improvement retailer’s stock after selling 1,586 shares during the period. CCLA Investment Management’s holdings in Home Depot were worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Financial & Tax Architects LLC purchased a new stake in shares of Home Depot during the second quarter valued at approximately $413,000. Meridian Wealth Partners LLC boosted its stake in Home Depot by 0.8% during the 2nd quarter. Meridian Wealth Partners LLC now owns 6,372 shares of the home improvement retailer’s stock valued at $2,194,000 after purchasing an additional 52 shares during the last quarter. Purus Wealth Management LLC increased its holdings in shares of Home Depot by 4.2% in the 2nd quarter. Purus Wealth Management LLC now owns 1,852 shares of the home improvement retailer’s stock worth $638,000 after purchasing an additional 75 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Home Depot by 3.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 345,978 shares of the home improvement retailer’s stock worth $119,099,000 after purchasing an additional 12,682 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in shares of Home Depot by 1.2% during the second quarter. Argent Trust Co now owns 96,364 shares of the home improvement retailer’s stock valued at $33,172,000 after purchasing an additional 1,168 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Up 3.4 %

Shares of HD stock opened at $405.99 on Thursday. The company’s fifty day simple moving average is $405.88 and its two-hundred day simple moving average is $386.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $403.30 billion, a P/E ratio of 27.58, a PEG ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for 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%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value 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. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

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.