Relyea Zuckerberg Hanson LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Relyea Zuckerberg Hanson LLC increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 80.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,945 shares of the home improvement retailer's stock after purchasing an additional 3,093 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in Home Depot were worth $2,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Intech Investment Management LLC lifted its holdings in shares of Home Depot by 19.3% during the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer's stock valued at $13,121,000 after acquiring an additional 6,163 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Home Depot by 11.1% during the second 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 last quarter. Sei Investments Co. grew its holdings in Home Depot by 4.0% during the 2nd quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer's stock worth $82,293,000 after acquiring an additional 9,131 shares during the last quarter. Kiely Wealth Advisory Group Inc. raised its position in shares of 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 worth $258,000 after acquiring an additional 42 shares during the last quarter. 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 purchasing an additional 4,607 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.0 %

Shares of HD traded up $0.09 during trading hours on Friday, hitting $409.42. The company had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock's 50 day moving average price is $406.51 and its 200 day moving average price is $387.81. The firm has a market cap of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05.

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 for 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%. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price 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.