Orca Wealth Management LLC Invests $1.04 Million in The Home Depot, Inc. (NYSE:HD)

Orca Wealth Management LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,660 shares of the home improvement retailer's stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Pegasus Asset Management Inc. increased its position in shares of Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock valued at $2,024,000 after buying an additional 86 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after buying an additional 3,800 shares in the last quarter. Swedbank AB grew its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. Wedmont Private Capital increased its holdings in Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock valued at $5,291,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth about $1,793,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.6 %

HD traded down $2.64 on Friday, reaching $411.86. 2,761,013 shares of the company's stock were exchanged, compared to its average volume of 3,175,677. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company's 50 day moving average is $408.02 and its 200-day moving average is $392.08. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the business earned $3.81 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the firm'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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on HD shares. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Guggenheim increased their target price on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Loop Capital upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.