McGlone Suttner Wealth Management Inc. Grows Stake in The Home Depot, Inc. (NYSE:HD)

McGlone Suttner Wealth Management Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,215 shares of the home improvement retailer’s stock after purchasing an additional 284 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Home Depot were worth $1,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its holdings in shares of Home Depot by 3.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,915 shares of the home improvement retailer’s stock valued at $2,690,000 after purchasing an additional 259 shares during the last quarter. Brighton Jones LLC increased its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. Hengehold Capital Management LLC increased its position in Home Depot by 2.0% during the fourth quarter. Hengehold Capital Management LLC now owns 2,096 shares of the home improvement retailer’s stock worth $815,000 after buying an additional 42 shares during the period. Montecito Bank & Trust lifted its stake in Home Depot by 8.6% in the fourth quarter. Montecito Bank & Trust now owns 5,657 shares of the home improvement retailer’s stock valued at $2,201,000 after buying an additional 450 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its position in shares of Home Depot by 2.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,540 shares of the home improvement retailer’s stock worth $1,435,000 after acquiring an additional 77 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.0 %

NYSE:HD opened at $414.53 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a fifty day simple moving average of $407.14 and a 200-day simple moving average of $390.16. The company has a market capitalization of $411.77 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Analysts Set New Price Targets

HD has been the subject of several research reports. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Barclays boosted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is currently owned by insiders.

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.