Foster & Motley Inc. Has $2.47 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Foster & Motley Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,361 shares of the home improvement retailer’s stock after selling 257 shares during the period. Foster & Motley Inc.’s holdings in Home Depot were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter valued at about $46,000. Quarry LP lifted its holdings in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after buying an additional 36 shares during the period. Finally, Finley Financial LLC bought a new position in shares of Home Depot in the 4th quarter worth $59,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction 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 $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

HD stock opened at $411.86 on Friday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market cap of $409.13 billion, a P/E ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. 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 company’s 50-day moving average price is $408.02 and its two-hundred day moving average price is $392.08.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders 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 yield of 2.19%. Home Depot’s payout ratio is presently 61.14%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.