Procyon Advisors LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Procyon Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,172 shares of the home improvement retailer's stock after purchasing an additional 937 shares during the period. Procyon Advisors LLC's holdings in Home Depot were worth $13,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in Home Depot by 19.3% in the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer's stock worth $13,121,000 after acquiring an additional 6,163 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Home Depot by 11.1% in the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer's stock worth $26,477,000 after purchasing an additional 7,702 shares during the period. Sei Investments Co. lifted its stake in Home Depot by 4.0% in the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer's stock valued at $82,293,000 after purchasing an additional 9,131 shares during the last quarter. Kiely Wealth Advisory Group Inc. grew its holdings in Home Depot by 6.0% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 742 shares of the home improvement retailer's stock valued at $258,000 after purchasing an additional 42 shares during the period. Finally, Summit Trail Advisors LLC increased its position in Home Depot by 35.9% in the second quarter. Summit Trail Advisors LLC now owns 17,438 shares of the home improvement retailer's stock worth $6,003,000 after buying an additional 4,607 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value 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 $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were 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 of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

HD has been the subject of several research reports. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Price Performance

Shares of HD stock traded up $0.09 during trading hours on Friday, hitting $409.42. 3,194,517 shares of the company's stock were exchanged, compared to its average volume of 2,543,379. The company has a market capitalization of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. 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 12-month low of $323.77 and a 12-month high of $439.37. The business's 50 day simple moving average is $406.51 and its 200-day simple moving average is $387.81.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is currently 61.14%.

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.