Kingswood Wealth Advisors LLC Has $4.42 Million Position in The Home Depot, Inc. (NYSE:HD)

Kingswood Wealth Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 287.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,764 shares of the home improvement retailer’s stock after acquiring an additional 9,469 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Home Depot were worth $4,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. VisionPoint Advisory Group LLC bought a new stake in Home Depot during the 2nd quarter worth $26,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter valued at about $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $28,000. Studio Investment Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the 1st quarter valued at about $37,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Robert W. Baird restated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Telsey Advisory Group lifted their price target on Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Finally, Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $366.76.

Get Our Latest Stock Analysis on Home Depot

Home Depot Stock Down 1.7 %

Shares of NYSE:HD opened at $383.51 on Tuesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market cap of $380.07 billion, a PE ratio of 25.40, a P/E/G ratio of 2.58 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 stock’s 50-day moving average is $366.87 and its 200 day moving average is $333.43.

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. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the business earned $3.30 EPS. Home Depot’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

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

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, 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 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 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.

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

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