The Home Depot, Inc. (NYSE:HD) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,656 shares of the home improvement retailer’s stock after selling 793 shares during the period. Home Depot comprises approximately 2.7% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 8th biggest position. Cutler Investment Counsel LLC’s holdings in Home Depot were worth $18,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter worth about $31,000. Fairfield Bush & CO. acquired a new stake in Home Depot during the 1st quarter worth about $27,000. PFG Private Wealth Management LLC grew its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. KB Financial Partners LLC acquired a new stake in Home Depot during the 1st quarter worth about $28,000. Finally, Gilfoyle & Co LLC acquired a new stake in Home Depot during the 4th quarter worth about $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. HSBC reissued a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. Robert W. Baird reissued an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Finally, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Trading Up 0.7 %

NYSE:HD opened at $335.36 on Friday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The firm has a market cap of $332.35 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The firm has a 50-day moving average price of $367.36 and a two-hundred day moving average price of $339.21.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the business posted $3.30 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

About Home Depot

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.