Total Investment Management Inc. Purchases Shares of 642 The Home Depot, Inc. (NYSE:HD)

Total Investment Management Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 642 shares of the home improvement retailer’s stock, valued at approximately $222,000.

Several other institutional investors have also recently made changes to their positions in the business. Heritage Financial Services LLC lifted its holdings in shares of Home Depot by 3.5% in the fourth quarter. Heritage Financial Services LLC now owns 1,477 shares of the home improvement retailer’s stock worth $512,000 after buying an additional 50 shares in the last quarter. Cornerstone Capital Inc. lifted its stake in Home Depot by 0.4% in the 4th quarter. Cornerstone Capital Inc. now owns 51,364 shares of the home improvement retailer’s stock worth $17,800,000 after purchasing an additional 217 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Home Depot by 3.6% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 8,763 shares of the home improvement retailer’s stock valued at $3,037,000 after purchasing an additional 306 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of Home Depot by 16.1% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 3,575 shares of the home improvement retailer’s stock valued at $1,239,000 after purchasing an additional 497 shares in the last quarter. Finally, Spinnaker Trust increased its holdings in shares of Home Depot by 2.2% in the fourth quarter. Spinnaker Trust now owns 45,873 shares of the home improvement retailer’s stock worth $15,897,000 after purchasing an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HD shares. TD Cowen increased their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Mizuho began coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Citigroup upped their price target on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Bank of America lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Up 0.9 %

Shares of HD opened at $335.09 on Friday. The firm has a fifty day moving average price of $364.77 and a 200-day moving average price of $340.97. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, March 6th. 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.