Israel Discount Bank of New York Has $726,000 Position in The Home Depot (HD)

Israel Discount Bank of New York reduced its holdings in shares of The Home Depot (NYSE:HD) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,833 shares of the home improvement retailer’s stock after selling 1,210 shares during the period. Israel Discount Bank of New York’s holdings in The Home Depot were worth $726,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ford Financial Group Inc. acquired a new stake in The Home Depot during the 4th quarter worth about $108,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in The Home Depot during the 4th quarter worth about $112,000. Denali Advisors LLC acquired a new stake in The Home Depot during the 4th quarter worth about $133,000. Keeler Thomas Management LLC acquired a new stake in The Home Depot during the 4th quarter worth about $150,000. Finally, Delpha Capital Management LLC acquired a new stake in The Home Depot during the 4th quarter worth about $153,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

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In other The Home Depot news, EVP Edward P. Decker sold 17,660 shares of The Home Depot stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the transaction, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Armando M. Codina bought 6,650 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the transaction, the director now owns 42,300 shares in the company, valued at $7,557,318. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

The Home Depot opened at $186.85 on Friday, MarketBeat Ratings reports. The stock has a market cap of $215.54 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. The Home Depot has a 52-week low of $144.25 and a 52-week high of $207.60.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.03. The Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The business had revenue of $24.95 billion during the quarter, compared to the consensus estimate of $25.17 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. analysts forecast that The Home Depot will post 9.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, May 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.20%. The Home Depot’s dividend payout ratio is currently 55.23%.

HD has been the subject of a number of recent analyst reports. Bank of America reiterated a “buy” rating and set a $190.60 price target (down from $219.00) on shares of The Home Depot in a report on Tuesday, February 20th. Morgan Stanley set a $210.00 price target on The Home Depot and gave the stock a “buy” rating in a report on Wednesday, March 21st. Wedbush reiterated a “hold” rating and set a $190.00 price target (up from $170.00) on shares of The Home Depot in a report on Wednesday, February 21st. Zacks Investment Research upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $225.00 target price (down from $230.00) on shares of The Home Depot in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The Home Depot has a consensus rating of “Buy” and a consensus price target of $195.95.

The Home Depot Profile

Home Depot, Inc is a home improvement retailer which engages in the sale of building materials and home improvement products. Its producst include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental.

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