Stratos Investment Management LLC Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Stratos Investment Management LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,767 shares of the home improvement retailer’s stock after selling 1,384 shares during the quarter. Stratos Investment Management LLC’s holdings in Home Depot were worth $8,468,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HD. Stratos Wealth Advisors LLC lifted its position in shares of Home Depot by 2.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,175 shares of the home improvement retailer’s stock worth $2,402,000 after purchasing an additional 165 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Home Depot by 1.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 107,149 shares of the home improvement retailer’s stock worth $41,680,000 after buying an additional 1,141 shares during the last quarter. Sargent Investment Group LLC grew its position in shares of Home Depot by 16.4% in the 4th quarter. Sargent Investment Group LLC now owns 8,222 shares of the home improvement retailer’s stock worth $3,200,000 after acquiring an additional 1,161 shares in the last quarter. Cassia Capital Partners LLC increased its holdings in shares of Home Depot by 32.0% in the 4th quarter. Cassia Capital Partners LLC now owns 2,605 shares of the home improvement retailer’s stock valued at $1,013,000 after acquiring an additional 632 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its position in shares of Home Depot by 2,439.1% during the 4th quarter. Greenwood Capital Associates LLC now owns 23,284 shares of the home improvement retailer’s stock valued at $9,057,000 after acquiring an additional 22,367 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.0 %

HD opened at $413.92 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $411.18 billion, a PE ratio of 28.12, a P/E/G ratio of 4.34 and a beta of 1.05. The stock’s fifty day moving average is $406.84 and its 200-day moving average is $393.55. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.81 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. 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 Home Depot 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 owns 12,465 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.