Argonautica Private Wealth Management Inc. Has $3.67 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Argonautica Private Wealth Management Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,582 shares of the home improvement retailer’s stock after selling 48 shares during the quarter. Home Depot accounts for approximately 1.5% of Argonautica Private Wealth Management Inc.’s portfolio, making the stock its 16th biggest holding. Argonautica Private Wealth Management Inc.’s holdings in Home Depot were worth $3,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC grew its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP bought a new position in shares of Home Depot in the 3rd quarter worth $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock traded up $3.11 during mid-day trading on Friday, reaching $335.09. 2,465,262 shares of the company traded hands, compared to its average volume of 3,779,238. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market capitalization of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a fifty day moving average price of $364.77 and a 200-day moving average price of $340.68.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s payout ratio is presently 59.60%.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Stifel Nicolaus raised their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Citigroup raised their price objective on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

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.