The Home Depot, Inc. (NYSE:HD) is Capital Counsel LLC NY's 10th Largest Position

Capital Counsel LLC NY lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,095 shares of the home improvement retailer's stock after selling 1,236 shares during the quarter. Home Depot comprises 5.2% of Capital Counsel LLC NY's portfolio, making the stock its 10th largest holding. Capital Counsel LLC NY's holdings in Home Depot were worth $122,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter worth $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after acquiring an additional 68 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD traded up $8.17 during trading hours on Tuesday, hitting $355.07. The company's stock had a trading volume of 912,401 shares, compared to its average volume of 3,679,821. 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's 50 day simple moving average is $368.09 and its two-hundred day simple moving average is $393.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $352.95 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HD shares. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Wedbush restated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Profile

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.