Burney Co. Sells 785 Shares of The Home Depot, Inc. (NYSE:HD)

Burney Co. trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,561 shares of the home improvement retailer's stock after selling 785 shares during the period. Burney Co.'s holdings in Home Depot were worth $11,888,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter valued at $41,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter worth about $47,000. Quarry LP lifted its position in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares during the period. Finally, Semmax Financial Advisors Inc. boosted its stake in shares of Home Depot by 111.3% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.0 %

Home Depot 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 3,215,818. The firm's 50 day simple moving average is $406.44 and its 200 day simple moving average is $386.94. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 firm has a market capitalization of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate 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%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. Research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business 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. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot's dividend payout ratio (DPR) is currently 61.14%.

Analyst Ratings Changes

Several brokerages have commented on HD. Royal Bank of Canada upped their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Loop Capital upgraded 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 report on Wednesday, October 9th. Gordon Haskett upgraded Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Finally, 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 report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction 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 trade represents a 17.12 % decrease in their ownership of the stock. 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 Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. 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.