The Home Depot, Inc. (NYSE:HD) Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,931 shares of the home improvement retailer's stock after acquiring an additional 2,481 shares during the period. Carnegie Investment Counsel's holdings in Home Depot were worth $19,423,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in shares of Home Depot during the fourth quarter worth about $281,000. Guardian Financial Partners LLC raised its holdings in shares of Home Depot by 2.3% in the 4th quarter. Guardian Financial Partners LLC now owns 2,982 shares of the home improvement retailer's stock valued at $1,160,000 after purchasing an additional 67 shares in the last quarter. IFS Advisors LLC grew its stake in shares of Home Depot by 158.7% during the fourth quarter. IFS Advisors LLC now owns 163 shares of the home improvement retailer's stock worth $63,000 after purchasing an additional 100 shares in the last quarter. Mason & Associates Inc raised its stake in Home Depot by 18.6% in the fourth quarter. Mason & Associates Inc now owns 1,925 shares of the home improvement retailer's stock valued at $749,000 after buying an additional 302 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its position in shares of Home Depot by 5.3% during the 4th quarter. Heritage Family Offices LLP now owns 5,358 shares of the home improvement retailer's stock worth $2,084,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HD shares. Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Oppenheimer increased 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. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 target price on the stock. Finally, TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.00.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly 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. In the last three months, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 0.0 %

HD stock traded up $0.09 during midday trading on Friday, reaching $409.42. 3,194,517 shares of the company's stock traded hands, compared to its average volume of 2,543,379. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business has a 50-day moving average price of $406.51 and a two-hundred day moving average price of $387.45. The company has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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 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 firm's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.81 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.