Stockman Wealth Management Inc. Acquires 203 Shares of The Home Depot, Inc. (NYSE:HD)

Stockman Wealth Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,275 shares of the home improvement retailer’s stock after purchasing an additional 203 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Home Depot were worth $6,680,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Keener Financial Planning LLC bought a new position in Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC raised its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC bought a new stake in Home Depot in the 4th quarter valued at about $35,000. Briaud Financial Planning Inc acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP bought a new position in shares of Home Depot during the third quarter worth approximately $64,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot 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 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 can be accessed through the SEC website. 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 value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.9 %

Shares of NYSE HD traded up $3.13 during trading on Tuesday, hitting $339.24. 1,593,846 shares of the company traded hands, compared to its average volume of 3,324,365. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $336.19 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.23 and a beta of 0.98. The business’s fifty day moving average is $366.77 and its 200 day moving average is $340.19. 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 announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 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 firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter last year, the firm posted $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.65%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Stifel Nicolaus upped their price objective on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price objective on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

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.