Tallon Kerry Patrick Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

Tallon Kerry Patrick bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 724 shares of the home improvement retailer's stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc raised its holdings in Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after buying an additional 5,879 shares during the period. Pegasus Asset Management Inc. increased its position in shares of Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after acquiring an additional 86 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the period. Swedbank AB lifted its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after purchasing an additional 1,506 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Wells Fargo & Company increased their price objective on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research note on Tuesday, September 24th. Barclays increased their price target 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. Finally, Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of HD stock traded up $0.09 during trading hours on Friday, reaching $409.42. 3,194,517 shares of the company's stock were exchanged, compared to its average volume of 2,543,379. The business has a fifty day moving average price of $406.51 and a 200-day moving average price of $387.45. The stock has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during 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 business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 EPS. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. Corporate insiders own 0.10% of the company's stock.

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.