The Home Depot (HD) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. cut its holdings in The Home Depot (NYSE:HD) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,645 shares of the home improvement retailer’s stock after selling 347 shares during the quarter. The Home Depot comprises 1.3% of Stockman Wealth Management Inc.’s holdings, making the stock its 28th largest position. Stockman Wealth Management Inc.’s holdings in The Home Depot were worth $2,965,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Investment Partners Ltd. OH ADV raised its stake in shares of The Home Depot by 2.6% in the fourth quarter. Investment Partners Ltd. OH ADV now owns 9,867 shares of the home improvement retailer’s stock worth $1,870,000 after purchasing an additional 251 shares during the last quarter. Telos Capital Management Inc. raised its stake in shares of The Home Depot by 11.1% in the fourth quarter. Telos Capital Management Inc. now owns 2,634 shares of the home improvement retailer’s stock worth $499,000 after purchasing an additional 264 shares during the last quarter. Davis R M Inc. raised its stake in shares of The Home Depot by 2.0% in the fourth quarter. Davis R M Inc. now owns 13,457 shares of the home improvement retailer’s stock worth $2,551,000 after purchasing an additional 270 shares during the last quarter. Waldron LP raised its stake in shares of The Home Depot by 9.6% in the fourth quarter. Waldron LP now owns 3,193 shares of the home improvement retailer’s stock worth $605,000 after purchasing an additional 279 shares during the last quarter. Finally, Northstar Investment Advisors LLC raised its stake in shares of The Home Depot by 0.3% in the fourth quarter. Northstar Investment Advisors LLC now owns 88,026 shares of the home improvement retailer’s stock worth $16,684,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

Shares of HD opened at $185.33 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 14.37. The Home Depot has a 12 month low of $186.51 and a 12 month high of $189.07. The company has a market capitalization of $217.65 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. The Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The company had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. During the same period last year, the company earned $1.67 earnings per share. The Home Depot’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts anticipate that The Home Depot will post 9.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.22%. The Home Depot’s payout ratio is currently 55.23%.

Several research analysts have recently issued reports on HD shares. Credit Suisse Group raised their price objective on The Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Bank of America restated a “buy” rating and issued a $190.60 price objective (down from $219.00) on shares of The Home Depot in a research note on Tuesday, February 20th. Morgan Stanley set a $210.00 price objective on The Home Depot and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Wedbush restated a “hold” rating and issued a $190.00 price objective (up from $170.00) on shares of The Home Depot in a research note on Wednesday, February 21st. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price objective (up from $190.00) on shares of The Home Depot in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The Home Depot presently has an average rating of “Buy” and an average price target of $195.95.

In other news, Director Armando M. Codina purchased 6,650 shares of the stock in a transaction dated Friday, March 2nd. The shares were purchased at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $7,557,318. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory D. Brenneman purchased 16,827 shares of the stock in a transaction dated Wednesday, March 21st. The stock was purchased at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the completion of the purchase, the director now directly owns 46,332 shares of the company’s stock, valued at $8,260,532.28. The disclosure for this purchase can be found here. Over the last three months, insiders sold 214,576 shares of company stock worth $39,731,257. 0.25% of the stock is owned by corporate insiders.

The Home Depot Profile

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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