Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $7.01 Million Stake in The Home Depot, Inc. (NYSE:HD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,027 shares of the home improvement retailer's stock after purchasing an additional 1,394 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Home Depot were worth $7,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP increased its holdings 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. Regal Investment Advisors LLC grew its stake in shares of Home Depot by 7.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,777 shares of the home improvement retailer's stock worth $1,989,000 after buying an additional 401 shares during the last quarter. Regency Capital Management Inc. DE increased its holdings in shares of Home Depot by 46.5% during the second quarter. Regency Capital Management Inc. DE now owns 4,048 shares of the home improvement retailer's stock valued at $1,393,000 after acquiring an additional 1,285 shares in the last quarter. Ted Buchan & Co purchased a new position in Home Depot in the second quarter worth about $327,000. Finally, Granite Bay Wealth Management LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $230,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HD. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. One equities research 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 a consensus price target of $426.00.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

HD traded down $2.64 during midday trading on Friday, reaching $411.86. 2,761,013 shares of the company's stock were exchanged, compared to its average volume of 2,883,614. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market capitalization of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 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. The business's 50-day moving average price is $407.86 and its 200 day moving average price is $392.46.

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 (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.81 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.19%. Home Depot's dividend payout ratio is currently 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.