The Home Depot, Inc. (NYSE:HD) Shares Sold by Platform Technology Partners

Platform Technology Partners lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,521 shares of the home improvement retailer’s stock after selling 52 shares during the period. Home Depot accounts for approximately 0.9% of Platform Technology Partners’ holdings, making the stock its 29th biggest position. Platform Technology Partners’ holdings in Home Depot were worth $1,744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Heartwood Wealth Advisors LLC grew its position in shares of Home Depot by 4.1% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after acquiring an additional 63 shares during the last quarter. West Branch Capital LLC boosted its stake in Home Depot by 0.4% during the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock valued at $2,998,000 after purchasing an additional 41 shares during the period. Bell & Brown Wealth Advisors LLC grew its position in Home Depot by 3.3% in the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock worth $2,159,000 after purchasing an additional 253 shares during the last quarter. Community Bank of Raymore increased its stake in shares of Home Depot by 120.0% in the third quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock valued at $455,000 after purchasing an additional 900 shares during the period. Finally, Alphastar Capital Management LLC increased its stake in shares of Home Depot by 5.3% in the third quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock valued at $5,587,000 after purchasing an additional 1,025 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $288.39 on Friday. The stock’s 50-day moving average price is $310.70 and its two-hundred day moving average price is $303.66. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The company has a market cap of $292.70 billion, a PE ratio of 17.29, a PEG ratio of 1.61 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 8th. This is an increase from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is presently 50.12%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Loop Capital decreased their price objective on Home Depot from $310.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, February 22nd. Barclays decreased their price target on Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. UBS Group lowered their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price objective for the company. Finally, DA Davidson decreased their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a research report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.45.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.