Richardson Financial Services Inc. Lowers Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Richardson Financial Services Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,855 shares of the home improvement retailer’s stock after selling 90 shares during the period. Home Depot comprises about 0.8% of Richardson Financial Services Inc.’s portfolio, making the stock its 28th biggest position. Richardson Financial Services Inc.’s holdings in Home Depot were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. SYM FINANCIAL Corp grew its stake in Home Depot by 4.3% during the 4th quarter. SYM FINANCIAL Corp now owns 1,999 shares of the home improvement retailer’s stock worth $778,000 after purchasing an additional 82 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Home Depot by 6.1% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 594 shares of the home improvement retailer’s stock worth $231,000 after buying an additional 34 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its stake in shares of Home Depot by 2.8% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,879 shares of the home improvement retailer’s stock worth $5,399,000 after buying an additional 372 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Home Depot by 4.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 28,600 shares of the home improvement retailer’s stock worth $11,125,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Capital Insight Partners LLC grew its holdings in Home Depot by 2.5% during the 4th quarter. Capital Insight Partners LLC now owns 12,244 shares of the home improvement retailer’s stock worth $4,763,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’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 transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last quarter. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 0.7 %

Shares of NYSE:HD opened at $409.18 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $406.46 billion, a P/E ratio of 27.80, a P/E/G ratio of 4.34 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 stock’s fifty day simple moving average is $407.86 and its 200-day simple moving average is $392.76.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Morgan Stanley increased their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.