Argent Capital Management LLC Has $53.15 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Argent Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,624 shares of the home improvement retailer's stock after selling 3,114 shares during the quarter. Home Depot accounts for about 1.5% of Argent Capital Management LLC's investment portfolio, making the stock its 26th biggest holding. Argent Capital Management LLC's holdings in Home Depot were worth $53,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in HD. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter worth about $47,000. Quarry LP boosted 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 buying an additional 36 shares during the last quarter. Finally, Semmax Financial Advisors Inc. grew its holdings in shares of Home Depot by 111.3% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded up $0.09 during mid-day trading on Friday, hitting $409.42. The stock had a trading volume of 3,164,770 shares, compared to its average volume of 3,142,666. The firm has a fifty day simple moving average of $406.44 and a 200 day simple moving average of $386.94. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 firm has a market capitalization 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 announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same period last year, the firm posted $3.81 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

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

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % 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 valued at $15,624,585 in the last quarter. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Royal Bank of Canada upped their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Finally, Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. 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's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

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.