Kestra Private Wealth Services LLC Has $29.84 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Kestra Private Wealth Services LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 86,110 shares of the home improvement retailer’s stock after purchasing an additional 6,441 shares during the quarter. Home Depot comprises approximately 0.8% of Kestra Private Wealth Services LLC’s holdings, making the stock its 17th largest position. Kestra Private Wealth Services LLC’s holdings in Home Depot were worth $29,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HD. Opal Wealth Advisors LLC increased its holdings in Home Depot by 8.4% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,213 shares of the home improvement retailer’s stock worth $971,000 after purchasing an additional 248 shares in the last quarter. Norris Perne & French LLP MI grew its holdings in Home Depot by 0.7% during the 3rd quarter. Norris Perne & French LLP MI now owns 52,374 shares of the home improvement retailer’s stock worth $15,825,000 after acquiring an additional 379 shares during the last quarter. Fiduciary Alliance LLC raised its stake in shares of Home Depot by 6.5% during the third quarter. Fiduciary Alliance LLC now owns 35,368 shares of the home improvement retailer’s stock valued at $10,687,000 after acquiring an additional 2,168 shares during the last quarter. Benedict Financial Advisors Inc. grew its stake in shares of Home Depot by 1.3% in the third quarter. Benedict Financial Advisors Inc. now owns 6,006 shares of the home improvement retailer’s stock worth $1,815,000 after purchasing an additional 75 shares during the last quarter. Finally, Czech National Bank increased its holdings in Home Depot by 46.6% in the third quarter. Czech National Bank now owns 175,719 shares of the home improvement retailer’s stock valued at $53,095,000 after purchasing an additional 55,839 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Telsey Advisory Group increased their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. Wells Fargo & Company lifted their target price on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of Home Depot stock traded up $1.71 during mid-day trading on Monday, hitting $336.80. 2,602,918 shares of the stock were exchanged, compared to its average volume of 3,343,672. The company has a market capitalization of $333.78 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.23 and a beta of 0.98. 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 company has a 50-day simple moving average of $364.25 and a 200 day simple moving average of $341.58. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month 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 business had revenue of $34.79 billion during 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 firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is an increase 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 2.67%. Home Depot’s dividend payout ratio is presently 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.