Monument Capital Management Sells 190 Shares of The Home Depot, Inc. (NYSE:HD)

Monument Capital Management lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,427 shares of the home improvement retailer’s stock after selling 190 shares during the period. Monument Capital Management’s holdings in Home Depot were worth $1,881,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Keener Financial Planning LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $31,000. 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 valued at $32,000 after buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC purchased a new stake in Home Depot during the 4th quarter valued at approximately $35,000. Briaud Financial Planning Inc purchased a new stake in Home Depot during the 3rd quarter valued at approximately $41,000. Finally, Quantbot Technologies LP purchased a new stake in Home Depot during the 3rd quarter valued at approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.2 %

NYSE:HD opened at $336.02 on Tuesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $333.00 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The stock has a fifty day simple moving average of $366.77 and a 200-day simple moving average of $340.19. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Bank of America increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. TD Cowen increased their price objective on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, HSBC reissued a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.