Fortitude Family Office LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Fortitude Family Office LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,814 shares of the home improvement retailer’s stock after acquiring an additional 2,257 shares during the quarter. Home Depot comprises 1.1% of Fortitude Family Office LLC’s holdings, making the stock its 21st largest position. Fortitude Family Office LLC’s holdings in Home Depot were worth $3,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Wealth Group Ltd lifted its stake in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares in the last quarter. Farmers Trust Co. lifted its stake in Home Depot by 0.7% in the 4th quarter. Farmers Trust Co. now owns 8,530 shares of the home improvement retailer’s stock worth $3,318,000 after purchasing an additional 60 shares in the last quarter. Private Client Services LLC boosted its holdings in shares of Home Depot by 9.7% during the 4th quarter. Private Client Services LLC now owns 783 shares of the home improvement retailer’s stock worth $305,000 after purchasing an additional 69 shares during the last quarter. Northcape Capital Pty Ltd grew its position in shares of Home Depot by 14.9% in the fourth quarter. Northcape Capital Pty Ltd now owns 1,879 shares of the home improvement retailer’s stock valued at $731,000 after purchasing an additional 244 shares in the last quarter. Finally, Innova Wealth Partners acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $405,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7 %

Shares of NYSE HD opened at $386.89 on Friday. The stock has a market cap of $384.32 billion, a P/E ratio of 26.28, a PEG ratio of 2.90 and a beta of 1.05. The business’s fifty day simple moving average is $406.19 and its 200-day simple moving average is $385.06. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Home Depot Profile

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.