Wells Trecaso Financial Group LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Wells Trecaso Financial Group LLC raised its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,178 shares of the home improvement retailer’s stock after buying an additional 213 shares during the period. Home Depot comprises about 2.5% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 13th biggest holding. Wells Trecaso Financial Group LLC’s holdings in Home Depot were worth $6,300,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Chatham Capital Group Inc. boosted its position in Home Depot by 0.5% during the 4th quarter. Chatham Capital Group Inc. now owns 11,534 shares of the home improvement retailer’s stock valued at $3,997,000 after buying an additional 60 shares during the period. BLB&B Advisors LLC boosted its position in Home Depot by 9.7% during the 4th quarter. BLB&B Advisors LLC now owns 4,444 shares of the home improvement retailer’s stock valued at $1,540,000 after buying an additional 394 shares during the period. PFG Advisors boosted its position in Home Depot by 8.3% during the 4th quarter. PFG Advisors now owns 16,556 shares of the home improvement retailer’s stock valued at $5,737,000 after buying an additional 1,270 shares during the period. Von Berge Wealth Management Group LLC boosted its position in Home Depot by 1.9% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 1,739 shares of the home improvement retailer’s stock valued at $619,000 after buying an additional 33 shares during the period. Finally, Mainsail Financial Group LLC boosted its position in Home Depot by 7.3% during the 4th quarter. Mainsail Financial Group LLC now owns 2,424 shares of the home improvement retailer’s stock valued at $862,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $383.60 on Monday. The firm’s 50-day moving average price is $369.40 and its 200-day moving average price is $335.33. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market cap of $380.16 billion, a PE ratio of 25.40, a PEG ratio of 2.53 and a beta of 0.99. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and set a $380.00 price target on shares of Home Depot in a research report on Wednesday, February 21st. Wells Fargo & Company raised their target price on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Truist Financial dropped their target price on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Telsey Advisory Group raised their target price on shares of Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. Finally, Guggenheim raised their target price on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.76.

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.

Further Reading

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

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