Wealth Enhancement & Preservation of GA LLC Has $1.60 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Wealth Enhancement & Preservation of GA LLC increased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,357 shares of the home improvement retailer’s stock after buying an additional 156 shares during the period. Home Depot accounts for approximately 1.2% of Wealth Enhancement & Preservation of GA LLC’s investment portfolio, making the stock its 17th biggest holding. Wealth Enhancement & Preservation of GA LLC’s holdings in Home Depot were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HD. Qube Research & Technologies Ltd acquired a new stake in shares of Home Depot in the 4th quarter valued at about $1,868,000. Yarbrough Capital LLC bought a new position in Home Depot in the 4th quarter valued at about $8,212,000. Round Table Services LLC lifted its position in Home Depot by 19.6% in the 4th quarter. Round Table Services LLC now owns 2,851 shares of the home improvement retailer’s stock valued at $1,183,000 after acquiring an additional 468 shares in the last quarter. Waddell & Associates LLC lifted its position in Home Depot by 1.3% in the 4th quarter. Waddell & Associates LLC now owns 9,093 shares of the home improvement retailer’s stock valued at $3,774,000 after acquiring an additional 117 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Home Depot by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 1,035,353 shares of the home improvement retailer’s stock valued at $429,682,000 after acquiring an additional 4,789 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. MKM Partners began coverage on shares of Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price target on the stock. Guggenheim dropped their price target on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Truist Financial dropped their price target on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. OTR Global cut shares of Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Finally, Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Trading Up 0.8 %

NYSE:HD opened at $309.69 on Friday. The stock has a market capitalization of $318.29 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The firm’s 50 day moving average is $290.90 and its 200 day moving average is $310.73. 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 released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same period in the previous year, the business earned $3.86 EPS. Home Depot’s revenue was up 3.8% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio is 48.25%.

Insider Activity at Home Depot

In related news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Ann Marie Campbell sold 11,293 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Home Depot Profile

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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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