Stonegate Investment Group LLC Has $98.32 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Stonegate Investment Group LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 252,757 shares of the home improvement retailer's stock after selling 2,360 shares during the period. Home Depot comprises about 2.6% of Stonegate Investment Group LLC's portfolio, making the stock its 11th largest holding. Stonegate Investment Group LLC's holdings in Home Depot were worth $98,320,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC boosted its position in Home Depot by 8.2% during the 4th quarter. Perigon Wealth Management LLC now owns 108,367 shares of the home improvement retailer's stock worth $44,358,000 after acquiring an additional 8,168 shares during the period. Hutchens & Kramer Investment Management Group LLC increased its holdings in shares of Home Depot by 49.6% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 805 shares of the home improvement retailer's stock valued at $313,000 after purchasing an additional 267 shares during the period. MBE Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $444,000. KFA Private Wealth Group LLC increased its stake in Home Depot by 10.5% in the 4th quarter. KFA Private Wealth Group LLC now owns 612 shares of the home improvement retailer's stock valued at $238,000 after buying an additional 58 shares during the period. Finally, VCI Wealth Management LLC lifted its position in Home Depot by 39.2% in the 4th quarter. VCI Wealth Management LLC now owns 6,684 shares of the home improvement retailer's stock worth $2,600,000 after buying an additional 1,883 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,465 shares in the company, 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. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD traded down $2.64 on Friday, hitting $411.86. The company's stock had a trading volume of 2,761,013 shares, compared to its average volume of 3,175,677. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a market capitalization of $409.13 billion, a PE ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a 50 day moving average price of $408.02 and a 200 day moving average price of $392.08.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm posted $3.81 earnings per share. Home Depot's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot's dividend payout ratio is presently 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.