Barlow Wealth Partners Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Barlow Wealth Partners Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 713 shares of the home improvement retailer’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc bought a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the fourth 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 in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $35,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Home Depot during the third quarter worth $41,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped 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. Bank of America increased their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $375.19.

Home Depot Stock Performance

HD stock traded down $1.58 during midday trading on Tuesday, reaching $340.71. 2,930,173 shares of the company were exchanged, compared to its average volume of 3,345,272. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a market capitalization of $337.65 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The business has a 50-day moving average price of $360.47 and a two-hundred day moving average price of $343.54. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last posted its earnings results 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. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter last year, the company posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. 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 2.64%. Home Depot’s dividend 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 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 directly 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 the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.