Schrum Private Wealth Management LLC Has $816,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Schrum Private Wealth Management LLC lowered its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 31.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,356 shares of the home improvement retailer’s stock after selling 1,082 shares during the quarter. Home Depot accounts for about 1.2% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Schrum Private Wealth Management LLC’s holdings in Home Depot were worth $816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. B.O.S.S. Retirement Advisors LLC grew its holdings in Home Depot by 13.2% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 11,596 shares of the home improvement retailer’s stock valued at $4,019,000 after buying an additional 1,348 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Home Depot by 19.6% in the 4th quarter. Baillie Gifford & Co. now owns 62,928 shares of the home improvement retailer’s stock valued at $21,808,000 after buying an additional 10,328 shares during the last quarter. Tobam grew its holdings in Home Depot by 91.0% in the 4th quarter. Tobam now owns 2,023 shares of the home improvement retailer’s stock valued at $701,000 after buying an additional 964 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $2,543,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Home Depot by 3.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,853 shares of the home improvement retailer’s stock worth $642,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, 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. 0.19% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of HD stock opened at $347.26 on Friday. The stock has a market capitalization of $344.14 billion, a P/E ratio of 23.00, a PEG ratio of 2.33 and a beta of 0.98. 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’s 50 day moving average is $370.20 and its 200 day moving average is $337.82. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HDGet Free Report) 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. The company had revenue of $34.79 billion for 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%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. The Goldman Sachs Group raised their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Wedbush upped their price objective on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $376.35.

Read Our Latest Stock Report on HD

Home Depot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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