Tevis Investment Management Has $995,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Tevis Investment Management cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,559 shares of the home improvement retailer’s stock after selling 450 shares during the quarter. Tevis Investment Management’s holdings in Home Depot were worth $995,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. Synergy Asset Management LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $41,000. Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth $46,000. Finally, Finley Financial LLC acquired a new stake in Home Depot during the fourth quarter worth $59,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HD shares. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Mizuho increased their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $428.78.

Home Depot Stock Performance

Home Depot stock opened at $414.25 on Tuesday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company’s 50-day moving average is $406.14 and its two-hundred day moving average is $394.55. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $411.50 billion, a PE ratio of 28.14, a PEG ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is currently 61.14%.

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.