Clarendon Private LLC Buys New Shares in The Home Depot, Inc. (NYSE:HD)

Clarendon Private LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,612 shares of the home improvement retailer's stock, valued at approximately $627,000.

Other institutional investors have also recently bought and sold shares of the company. Granite FO LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $249,000. William B. Walkup & Associates Inc. bought a new position in Home Depot during the second quarter worth about $6,931,000. Second Line Capital LLC grew its stake in Home Depot by 23.7% in the second quarter. Second Line Capital LLC now owns 4,535 shares of the home improvement retailer's stock valued at $1,561,000 after acquiring an additional 868 shares during the period. Teewinot Capital Advisers L.L.C. bought a new stake in shares of Home Depot in the second quarter worth about $22,207,000. Finally, Invst LLC raised its position in shares of Home Depot by 10.2% during the second quarter. Invst LLC now owns 6,595 shares of the home improvement retailer's stock worth $2,217,000 after purchasing an additional 610 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded down $6.05 on Tuesday, reaching $418.83. 2,759,503 shares of the company's stock were exchanged, compared to its average volume of 3,246,977. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a fifty day moving average of $407.42 and a 200-day moving average of $391.36. The company has a market capitalization of $416.04 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The business 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%. Home Depot's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Mizuho raised 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. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $426.00.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were 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 of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on 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 directly owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company's stock.

Home Depot Company 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.