The Home Depot, Inc. (NYSE:HD) Shares Bought by RMR Wealth Builders

RMR Wealth Builders lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,429 shares of the home improvement retailer’s stock after purchasing an additional 246 shares during the period. RMR Wealth Builders’ holdings in Home Depot were worth $4,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HD. AdvisorShares Investments LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $461,000. Linscomb Wealth Inc. grew its position in Home Depot by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer’s stock worth $2,267,000 after purchasing an additional 90 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Home Depot by 9.8% during the second quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer’s stock worth $319,662,000 after purchasing an additional 82,740 shares during the period. Y.D. More Investments Ltd grew its stake in Home Depot by 18.0% in the second quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer’s stock valued at $335,000 after purchasing an additional 149 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in shares of Home Depot by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer’s stock valued at $43,065,000 after purchasing an additional 3,429 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.8 %

HD traded up $2.92 during trading on Friday, reaching $390.12. 5,320,673 shares of the stock were exchanged, compared to its average volume of 3,050,672. The stock has a market cap of $387.53 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s 50 day moving average price is $406.19 and its two-hundred day moving average price is $385.06. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

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.