Grayhawk Investment Strategies Inc. Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Grayhawk Investment Strategies Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 116.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 173 shares of the home improvement retailer’s stock after buying an additional 93 shares during the period. Grayhawk Investment Strategies Inc.’s holdings in Home Depot were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bare Financial Services Inc purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $27,000. Keener Financial Planning LLC purchased a new position in Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC grew its position in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter worth $35,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HD. Wells Fargo & Company cut their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. UBS Group dropped their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Evercore ISI lifted their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, HSBC decreased their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Stock Up 1.3 %

Home Depot stock opened at $353.95 on Wednesday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business has a fifty day moving average price of $337.18 and a 200-day moving average price of $351.78. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock has a market capitalization of $350.98 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.40 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the company earned $3.82 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.54%. Home Depot’s payout ratio is 60.36%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

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.