Schwarz Dygos Wheeler Investment Advisors LLC Has $1.51 Million Stake in The Home Depot, Inc. (NYSE:HD)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,369 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Home Depot were worth $1,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC grew its position 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 worth $32,000 after acquiring an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter worth about $35,000. Briaud Financial Planning Inc bought a new position in Home Depot in the third quarter valued at about $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Home Depot during the third quarter valued at about $64,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wedbush raised their price objective on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Robert W. Baird reiterated an “outperform” rating and set a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $417.00 target price on shares of Home Depot in a research report on Wednesday, April 17th. Royal Bank of Canada upped their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Finally, HSBC restated a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Up 0.9 %

Shares of NYSE HD traded up $3.11 during midday trading on Friday, hitting $335.09. 2,465,262 shares of the stock traded hands, compared to its average volume of 3,779,238. 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 Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The business has a 50 day moving average price of $364.77 and a two-hundred day moving average price of $340.68. The company has a market cap of $332.08 billion, a PE ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates 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 business 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 business posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

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

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.