Concord Wealth Partners Raises Position in The Home Depot, Inc. (NYSE:HD)

Concord Wealth Partners increased its holdings in The Home Depot, Inc. (NYSE:HD) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,560 shares of the home improvement retailer’s stock after acquiring an additional 1,417 shares during the quarter. Concord Wealth Partners’ holdings in Home Depot were worth $3,313,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC bought a new position in Home Depot during the 4th quarter valued at $35,000. Briaud Financial Planning Inc bought a new position in Home Depot during the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP bought a new position in Home Depot during the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HD shares. Telsey Advisory Group increased their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Truist Financial reiterated a “buy” rating and set a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Wells Fargo & Company increased their price objective on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Wedbush increased their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Down 0.0 %

NYSE:HD traded down $0.12 on Wednesday, hitting $334.10. 1,881,824 shares of the company’s stock were exchanged, compared to its average volume of 3,323,604. The company has a market cap of $331.10 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The firm has a 50-day moving average price of $363.69 and a 200-day moving average price of $341.88. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the business earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

About Home Depot

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.