2,826 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel reports. The fund purchased 2,826 shares of the home improvement retailer’s stock, valued at approximately $1,099,000.

A number of other institutional investors have also bought and sold shares of the company. Tyche Wealth Partners LLC boosted its position in Home Depot by 6.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 18,764 shares of the home improvement retailer’s stock valued at $7,299,000 after acquiring an additional 1,069 shares during the last quarter. Summit Wealth Partners LLC boosted its position in Home Depot by 16.9% during the fourth quarter. Summit Wealth Partners LLC now owns 1,736 shares of the home improvement retailer’s stock valued at $675,000 after acquiring an additional 251 shares during the last quarter. Private Management Group Inc. boosted its position in shares of Home Depot by 4.2% during the 4th quarter. Private Management Group Inc. now owns 1,106 shares of the home improvement retailer’s stock worth $430,000 after purchasing an additional 45 shares in the last quarter. Foguth Wealth Management LLC. boosted its position in shares of Home Depot by 7.1% during the 4th quarter. Foguth Wealth Management LLC. now owns 570 shares of the home improvement retailer’s stock worth $236,000 after purchasing an additional 38 shares in the last quarter. Finally, Meritage Portfolio Management grew its stake in shares of Home Depot by 7.2% in the 4th quarter. Meritage Portfolio Management now owns 4,778 shares of the home improvement retailer’s stock valued at $1,859,000 after buying an additional 322 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HD shares. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

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

Home Depot Stock Performance

Shares of Home Depot stock opened at $407.39 on Friday. The firm has a market capitalization of $404.68 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The business’s fifty day simple moving average is $406.58 and its 200 day simple moving average is $393.70. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last issued its 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. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s payout ratio is presently 61.14%.

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.