799 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Southern Style Financial Inc.

Southern Style Financial Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 799 shares of the home improvement retailer's stock, valued at approximately $311,000. Home Depot accounts for approximately 0.3% of Southern Style Financial Inc.'s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors also recently added to or reduced their stakes in HD. Abacus Wealth Partners LLC grew its stake in shares of Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after buying an additional 25 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Home Depot by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock valued at $1,469,000 after buying an additional 25 shares during the last quarter. Insight Inv LLC increased its holdings in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after acquiring an additional 25 shares during the last quarter. Marino Stram & Associates LLC raised its stake in Home Depot by 2.3% in the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after acquiring an additional 25 shares during the period. Finally, Capital City Trust Co. FL lifted its holdings in Home Depot by 1.1% during the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after purchasing an additional 26 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Price Performance

HD stock traded down $3.39 during midday trading on Friday, reaching $411.11. 1,612,710 shares of the stock were exchanged, compared to its average volume of 3,114,876. The stock has a market capitalization of $408.38 billion, a PE ratio of 27.93, a P/E/G ratio of 4.35 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 company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a fifty day moving average price of $408.02 and a 200 day moving average price of $392.08.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.81 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot's dividend payout ratio is currently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. 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.