Brookstone Capital Management Has $10.12 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Brookstone Capital Management lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,026 shares of the home improvement retailer’s stock after selling 5,446 shares during the quarter. Brookstone Capital Management’s holdings in Home Depot were worth $10,124,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HD. City State Bank boosted its holdings in shares of Home Depot by 0.9% in the 4th quarter. City State Bank now owns 4,619 shares of the home improvement retailer’s stock valued at $1,797,000 after buying an additional 40 shares during the last quarter. Trust Co. of Toledo NA OH increased its position in Home Depot by 2.2% during the 4th quarter. Trust Co. of Toledo NA OH now owns 23,674 shares of the home improvement retailer’s stock worth $9,209,000 after buying an additional 509 shares during the period. Fiduciary Alliance LLC increased its position in Home Depot by 21.8% during the 4th quarter. Fiduciary Alliance LLC now owns 48,151 shares of the home improvement retailer’s stock worth $18,730,000 after buying an additional 8,630 shares during the period. Winthrop Advisory Group LLC increased its position in Home Depot by 1.2% during the 4th quarter. Winthrop Advisory Group LLC now owns 10,244 shares of the home improvement retailer’s stock worth $3,985,000 after buying an additional 121 shares during the period. Finally, Threadgill Financial LLC bought a new position in Home Depot during the 4th quarter worth $216,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

HD stock opened at $389.65 on Tuesday. The stock’s fifty day simple moving average is $406.03 and its two-hundred day simple moving average is $386.31. 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 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market cap of $387.06 billion, a P/E ratio of 26.47, a P/E/G ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were 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 $5,018,159.70. This 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 valued at $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot 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.