LWM Advisory Services LLC Buys 546 Shares of The Home Depot, Inc. (NYSE:HD)

LWM Advisory Services LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 41.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,852 shares of the home improvement retailer’s stock after purchasing an additional 546 shares during the quarter. LWM Advisory Services LLC’s holdings in Home Depot were worth $642,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the third quarter valued at approximately $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Home Depot in the third quarter valued at approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and raised their target price for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. Wells Fargo & Company raised their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Truist Financial reiterated a “buy” rating and issued a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. Finally, HSBC reiterated a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was 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 approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following 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. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.5 %

Home Depot stock traded up $1.71 during midday trading on Monday, reaching $336.80. The stock had a trading volume of 2,602,918 shares, compared to its average volume of 3,343,672. The firm’s fifty day simple moving average is $364.77 and its 200-day simple moving average is $341.27. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market capitalization of $333.78 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping 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 return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.37 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. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.67%. Home Depot’s payout ratio is presently 59.60%.

Home Depot Company 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.