The Home Depot, Inc. (NYSE:HD) Shares Acquired by Paces Ferry Wealth Advisors LLC

Paces Ferry Wealth Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,346 shares of the home improvement retailer’s stock after purchasing an additional 228 shares during the period. Home Depot makes up 1.8% of Paces Ferry Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest position. Paces Ferry Wealth Advisors LLC’s holdings in Home Depot were worth $2,546,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc acquired a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP acquired a new stake in Home Depot during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Truist Financial restated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. Finally, StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 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 Price Performance

HD traded down $2.57 during midday trading on Tuesday, reaching $334.23. 3,088,022 shares of the company’s stock were exchanged, compared to its average volume of 3,341,935. 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 stock has a market capitalization of $331.23 billion, a PE ratio of 22.13, a P/E/G ratio of 2.23 and a beta of 0.98. The business’s 50-day moving average price is $363.69 and its 200 day moving average price is $341.88. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last released its 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. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is currently 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.