BIP Wealth LLC Buys 1,351 Shares of The Home Depot, Inc. (NYSE:HD)

BIP Wealth LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,796 shares of the home improvement retailer’s stock after acquiring an additional 1,351 shares during the quarter. BIP Wealth LLC’s holdings in Home Depot were worth $5,821,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Wells Fargo & Company raised their price objective on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial restated a “buy” rating and set a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Mizuho started coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. Finally, DA Davidson restated a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 1.8 %

HD traded down $6.11 during mid-day trading on Wednesday, reaching $332.89. 4,027,485 shares of the stock were exchanged, compared to its average volume of 3,358,525. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The stock has a market capitalization of $329.90 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The company has a 50 day moving average price of $365.90 and a two-hundred day moving average price of $340.46. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

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.