Hoertkorn Richard Charles Sells 985 Shares of Home Depot Inc (NYSE:HD)

Hoertkorn Richard Charles cut its position in Home Depot Inc (NYSE:HD) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,400 shares of the home improvement retailer’s stock after selling 985 shares during the quarter. Home Depot comprises 4.5% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 6th biggest position. Hoertkorn Richard Charles’ holdings in Home Depot were worth $6,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ironwood Financial llc grew its holdings in Home Depot by 39.5% in the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after acquiring an additional 81 shares during the last quarter. Avondale Wealth Management boosted its stake in shares of Home Depot by 52.4% during the 4th 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 boosted its stake in shares of Home Depot by 43.6% during the 4th 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. boosted its stake in shares of Home Depot by 44.0% during the 4th 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 bought a new stake in shares of Home Depot during the 4th quarter valued at about $124,000. Institutional investors and hedge funds own 70.88% of the company’s stock.

Shares of HD traded up $1.74 during mid-day trading on Wednesday, reaching $206.21. The stock had a trading volume of 367,436 shares, compared to its average volume of 3,891,273. The firm has a market cap of $225.71 billion, a P/E ratio of 20.85, a PEG ratio of 1.78 and a beta of 1.09. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.

Home Depot declared that its board has authorized a stock repurchase plan on Tuesday, February 26th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

HD has been the topic of a number of research reports. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. DZ Bank lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Citigroup dropped their price objective on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Deutsche Bank lifted their target price on shares of Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley boosted their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $204.47.

In other news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot 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 completion of the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the transaction, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock valued at $7,553,141 over the last three months. 0.25% of the stock is currently owned by insiders.

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About Home Depot

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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