Ullmann Wealth Partners Group LLC Purchases 1,883 Shares of The Home Depot, Inc. (NYSE:HD)

Ullmann Wealth Partners Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 137.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,256 shares of the home improvement retailer’s stock after acquiring an additional 1,883 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Home Depot were worth $1,267,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HD. Cowa LLC raised its holdings in Home Depot by 2.3% during the 2nd quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock valued at $905,000 after acquiring an additional 60 shares during the period. Intech Investment Management LLC raised its stake in shares of Home Depot by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock valued at $13,121,000 after purchasing an additional 6,163 shares during the period. Brighton Jones LLC lifted its holdings in Home Depot by 3.4% during the 2nd quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer’s stock worth $7,941,000 after purchasing an additional 748 shares in the last quarter. EMG Holdings L.P. grew its holdings in Home Depot by 205.0% during the 2nd quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer’s stock valued at $5,422,000 after buying an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Home Depot by 10.6% during the second quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer’s stock valued at $28,834,000 after buying an additional 8,036 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $409.42 on Friday. The company has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50 day moving average price of $406.44 and a two-hundred day moving average price of $386.94.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.81 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.00.

About Home Depot

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.