The Home Depot, Inc. (NYSE:HD) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 32.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,054 shares of the home improvement retailer's stock after selling 2,480 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Home Depot were worth $1,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter worth about $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at approximately $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot in the 2nd quarter worth approximately $47,000. Quarry LP grew its stake in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after purchasing an additional 36 shares during the period. Finally, Semmax Financial Advisors Inc. grew its stake in shares of Home Depot by 111.3% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock worth $53,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 0.0 %

Shares of Home Depot stock traded up $0.09 during mid-day trading on Friday, hitting $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. The firm has a market cap of $406.70 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. 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 50-day moving average of $406.51 and a two-hundred day moving average of $387.45. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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 company had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.81 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HD shares. Wells Fargo & Company increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's 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 sale, the executive vice president now owns 12,465 shares in the company, valued at $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. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 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.