Tandem Investment Partners LLC Takes $802,000 Position in The Home Depot, Inc. (NYSE:HD)

Tandem Investment Partners LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,062 shares of the home improvement retailer's stock, valued at approximately $802,000.

Several other large investors also recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC bought a new position in Home Depot in the 4th quarter worth approximately $39,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.0 %

HD stock traded down $0.00 during trading on Friday, hitting $353.62. The company had a trading volume of 3,574,295 shares, compared to its average volume of 3,489,908. The stock has a market cap of $351.51 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.03 and a beta of 1.09. 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 price of $375.29 and a 200-day moving average price of $395.97. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Gordon Haskett lowered shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $434.08.

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.