Wealth Management Solutions LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Wealth Management Solutions LLC increased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 12.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,056 shares of the home improvement retailer’s stock after purchasing an additional 115 shares during the quarter. Wealth Management Solutions LLC’s holdings in Home Depot were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Palisades Hudson Asset Management L.P. increased its holdings in Home Depot by 1.1% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock valued at $1,045,000 after purchasing an additional 28 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in Home Depot by 1.2% in the 4th quarter. Independent Wealth Network Inc. now owns 2,455 shares of the home improvement retailer’s stock valued at $1,019,000 after purchasing an additional 30 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in Home Depot by 3.7% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 841 shares of the home improvement retailer’s stock valued at $349,000 after purchasing an additional 30 shares during the period. Philadelphia Trust Co. boosted its holdings in Home Depot by 0.8% in the fourth quarter. Philadelphia Trust Co. now owns 3,653 shares of the home improvement retailer’s stock valued at $1,516,000 after purchasing an additional 30 shares during the period. Finally, Coastline Trust Co boosted its holdings in Home Depot by 0.7% in the fourth quarter. Coastline Trust Co now owns 4,375 shares of the home improvement retailer’s stock valued at $1,816,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Becker Caryn Seidman bought 1,500 shares of Home Depot stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the purchase, the director now owns 1,500 shares in the company, valued at approximately $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. DA Davidson decreased their target price on Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a report on Wednesday, May 18th. MKM Partners initiated coverage on Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price target for the company. Piper Sandler lifted their price target on Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a report on Wednesday, May 18th. Raymond James decreased their price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Finally, Truist Financial decreased their price target on Home Depot from $405.00 to $375.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $368.45.

Home Depot Price Performance

Shares of NYSE:HD opened at $309.69 on Friday. The business’s 50 day simple moving average is $290.90 and its 200-day simple moving average is $310.73. The firm has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping the consensus estimate of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.86 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is 48.25%.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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