RWA Wealth Partners LLC Buys 62,619 Shares of The Home Depot, Inc. (NYSE:HD)

RWA Wealth Partners LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 125.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 112,341 shares of the home improvement retailer’s stock after acquiring an additional 62,619 shares during the period. RWA Wealth Partners LLC’s holdings in Home Depot were worth $38,932,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC raised its stake in shares of 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 worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in shares of Home Depot during the 4th quarter worth $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot during the 3rd quarter worth $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Home Depot during the 3rd quarter worth $64,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 0.2 %

Shares of NYSE HD opened at $336.02 on Tuesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $333.00 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.23 and a beta of 0.98. The business has a 50-day moving average of $366.77 and a 200-day moving average of $340.19.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate 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 company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Home Depot’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change 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 dividend yield of 2.68%. Home Depot’s payout ratio is presently 59.60%.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred 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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’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 value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred 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 owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. TD Cowen lifted their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Citigroup lifted their price objective on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, DA Davidson reissued a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. One equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot 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.