SeaBridge Investment Advisors LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

SeaBridge Investment Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,421 shares of the home improvement retailer’s stock after acquiring an additional 604 shares during the period. Home Depot comprises approximately 1.3% of SeaBridge Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest position. SeaBridge Investment Advisors LLC’s holdings in Home Depot were worth $5,999,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HD. Redhawk Wealth Advisors Inc. grew its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares during the period. Insight Inv LLC boosted its stake in Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock worth $505,000 after buying an additional 25 shares during the period. Marino Stram & Associates LLC increased its position in shares of Home Depot by 2.3% during the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after acquiring an additional 25 shares during the last quarter. Capital City Trust Co. FL raised its stake in shares of Home Depot by 1.1% in the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer’s stock valued at $1,011,000 after acquiring an additional 26 shares during the period. Finally, Highline Wealth Partners LLC lifted its holdings in shares of Home Depot by 0.4% in the 4th quarter. Highline Wealth Partners LLC now owns 5,962 shares of the home improvement retailer’s stock worth $2,319,000 after acquiring an additional 26 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $411.86 on Monday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $409.13 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The company has a 50-day simple moving average of $407.86 and a 200-day simple moving average of $392.62. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating 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 company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company 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. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays increased 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. Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.