Woodward Diversified Capital LLC Sells 1,542 Shares of The Home Depot, Inc. (NYSE:HD)

Woodward Diversified Capital LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 33.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,048 shares of the home improvement retailer’s stock after selling 1,542 shares during the period. Home Depot makes up 0.9% of Woodward Diversified Capital LLC’s holdings, making the stock its 23rd largest holding. Woodward Diversified Capital LLC’s holdings in Home Depot were worth $1,186,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth approximately $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Finally, Finley Financial LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Down 1.6 %

HD opened at $407.39 on Friday. The company has a fifty day moving average price of $406.14 and a two-hundred day moving average price of $394.00. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a market cap of $404.68 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.21%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.