Horan Capital Advisors LLC. Sells 221 Shares of The Home Depot, Inc. (NYSE:HD)

Horan Capital Advisors LLC. lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,801 shares of the home improvement retailer’s stock after selling 221 shares during the period. Home Depot comprises approximately 1.6% of Horan Capital Advisors LLC.’s holdings, making the stock its 14th biggest position. Horan Capital Advisors LLC.’s holdings in Home Depot were worth $4,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bare Financial Services Inc bought a new stake in Home Depot during the fourth quarter valued at about $26,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in shares of 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 acquiring an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $35,000. Finally, Briaud Financial Planning Inc bought a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

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

Home Depot Price Performance

Shares of NYSE:HD traded up $7.50 on Friday, reaching $343.03. The company’s stock had a trading volume of 4,164,367 shares, compared to its average volume of 3,349,842. The company has a 50-day simple moving average of $362.33 and a 200 day simple moving average of $341.76. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 company has a market cap of $339.95 billion, a P/E ratio of 22.72, a PEG ratio of 2.21 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $34.64 billion. During the same quarter last year, the firm earned $3.30 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.62%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Evercore ISI decreased their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. HSBC restated a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company increased their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average 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.