Wagner Bowman Management Corp cut its holdings in shares of Home Depot Inc (NYSE:HD) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,663 shares of the home improvement retailer’s stock after selling 96 shares during the quarter. Wagner Bowman Management Corp’s holdings in Home Depot were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ironwood Financial llc raised its stake in shares of Home Depot by 39.5% in the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after purchasing an additional 81 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Home Depot by 52.4% in the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 120 shares in the last quarter. Fusion Family Wealth LLC raised its stake in shares of Home Depot by 43.6% in the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after purchasing an additional 123 shares in the last quarter. Horan Securities Inc. raised its stake in shares of Home Depot by 44.0% in the fourth quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock valued at $97,000 after purchasing an additional 165 shares in the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $124,000. Institutional investors own 70.88% of the company’s stock.

Shares of NYSE:HD opened at $205.66 on Friday. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43. The firm has a market capitalization of $227.03 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.78 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. As a group, research analysts predict that Home Depot Inc will post 10.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $1.03. Home Depot’s dividend payout ratio is presently 55.01%.

Home Depot announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

HD has been the subject of a number of recent research reports. DZ Bank lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Credit Suisse Group set a $194.00 target price on Home Depot and gave the company a “hold” rating in a research note on Tuesday, February 26th. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Telsey Advisory Group lowered Home Depot from an “outperform” rating to a “market perform” rating and cut their target price for the company from $205.00 to $192.00 in a research note on Wednesday, February 27th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $204.47.

In other news, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now owns 51,030 shares in the company, valued at $9,423,710.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Holifield sold 12,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total value of $2,203,200.00. Following the sale, the executive vice president now owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock worth $7,553,141 in the last 90 days. Company insiders own 0.25% of the company’s stock.

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Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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