Wealth Management Partners LLC Purchases 88 Shares of The Home Depot, Inc. (NYSE:HD)

Wealth Management Partners LLC raised its position in The Home Depot, Inc. (NYSE:HDFree Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,810 shares of the home improvement retailer’s stock after buying an additional 88 shares during the quarter. Home Depot comprises about 1.3% of Wealth Management Partners LLC’s portfolio, making the stock its 21st largest position. Wealth Management Partners LLC’s holdings in Home Depot were worth $2,360,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Home Depot by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 19,381,828 shares of the home improvement retailer’s stock worth $6,005,347,000 after acquiring an additional 246,828 shares during the last quarter. Morgan Stanley grew its holdings in Home Depot by 10.0% during the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after acquiring an additional 1,698,402 shares during the last quarter. Capital Research Global Investors grew its holdings in Home Depot by 22.9% during the 2nd quarter. Capital Research Global Investors now owns 12,835,689 shares of the home improvement retailer’s stock worth $3,987,275,000 after acquiring an additional 2,388,281 shares during the last quarter. Northern Trust Corp grew its holdings in Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after acquiring an additional 153,141 shares during the last quarter. Finally, Norges Bank bought a new stake in Home Depot during the 4th quarter worth approximately $3,740,875,000. 68.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated 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 owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. HSBC downgraded shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a research report on Wednesday, February 21st. Wells Fargo & Company boosted their target price on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, Telsey Advisory Group boosted their target price on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $364.75.

Read Our Latest Stock Report on HD

Home Depot Stock Performance

Shares of HD stock opened at $373.23 on Monday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $385.10. The stock has a market capitalization of $371.46 billion, a P/E ratio of 24.72, a PEG ratio of 2.50 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm’s 50 day moving average is $363.71 and its 200 day moving average is $331.52.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) 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 the consensus estimate 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 prior year, the business posted $3.30 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.41%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is currently 59.60%.

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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

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