Prio Wealth Limited Partnership lowered its stake in Home Depot Inc (NYSE:HD) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,560 shares of the home improvement retailer’s stock after selling 2,065 shares during the quarter. Home Depot comprises approximately 2.0% of Prio Wealth Limited Partnership’s holdings, making the stock its 15th largest holding. Prio Wealth Limited Partnership’s holdings in Home Depot were worth $37,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Strategic Financial Group LLC lifted its stake in Home Depot by 46.5% in the 4th quarter. Strategic Financial Group LLC now owns 4,037 shares of the home improvement retailer’s stock worth $694,000 after purchasing an additional 1,282 shares in the last quarter. Whitener Capital Management Inc. lifted its stake in Home Depot by 43.7% in the 4th quarter. Whitener Capital Management Inc. now owns 6,590 shares of the home improvement retailer’s stock worth $1,132,000 after purchasing an additional 2,005 shares in the last quarter. Swedbank raised its position in shares of Home Depot by 0.9% during the 4th quarter. Swedbank now owns 725,937 shares of the home improvement retailer’s stock valued at $123,569,000 after buying an additional 6,539 shares in the last quarter. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at about $339,000. Finally, Kovack Advisors Inc. raised its position in shares of Home Depot by 3.8% during the 4th quarter. Kovack Advisors Inc. now owns 15,668 shares of the home improvement retailer’s stock valued at $2,692,000 after buying an additional 568 shares in the last quarter. Institutional investors and hedge funds own 69.31% of the company’s stock.

Shares of HD stock opened at $192.00 on Friday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.04. The stock has a market capitalization of $208.54 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.62 and a beta of 1.09. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion for the quarter, compared to the consensus estimate of $26.34 billion. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. On average, equities analysts forecast that Home Depot Inc will post 10.34 EPS for the current fiscal year.

Home Depot declared that its board has initiated a share buyback plan 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 purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Home Depot’s dividend payout ratio is currently 55.01%.

In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares in the company, valued at $9,423,710.10. The disclosure for this sale can be found here. Insiders sold a total of 41,194 shares of company stock worth $7,553,141 over the last 90 days. Insiders own 0.27% of the company’s stock.

Several analysts have recently issued reports on the stock. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Morgan Stanley upped their target price on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group restated a “market perform” rating and set a $192.00 target price on shares of Home Depot in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Bank of America restated a “neutral” rating and set a $202.00 target price on shares of Home Depot in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $205.29.

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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 d├ęcor 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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