The Home Depot, Inc. (NYSE:HD) Stake Lifted by Dechtman Wealth Management LLC

Dechtman Wealth Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,678 shares of the home improvement retailer’s stock after buying an additional 253 shares during the quarter. Home Depot comprises approximately 0.2% of Dechtman Wealth Management LLC’s holdings, making the stock its 29th largest position. Dechtman Wealth Management LLC’s holdings in Home Depot were worth $581,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in Home Depot during the 2nd quarter worth $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the first quarter valued at $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the first quarter valued at $37,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Friday. Citigroup upped their price objective on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Truist Financial cut their price objective on Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Telsey Advisory Group upped their target price on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company upped their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.76.

View Our Latest Research Report on HD

Home Depot Stock Down 0.6 %

HD opened at $383.60 on Monday. The company has a market capitalization of $380.16 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The business has a 50-day moving average of $369.40 and a 200-day moving average of $335.33.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.35%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Home Depot 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 d├ęcor 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.

Featured Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.