Commonwealth Financial Services LLC Buys 110 Shares of The Home Depot, Inc. (NYSE:HD)

Commonwealth Financial Services LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,839 shares of the home improvement retailer’s stock after acquiring an additional 110 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Home Depot were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sloy Dahl & Holst LLC boosted its holdings in shares of Home Depot by 24.4% in the fourth quarter. Sloy Dahl & Holst LLC now owns 1,332 shares of the home improvement retailer’s stock worth $518,000 after buying an additional 261 shares during the last quarter. Rockline Wealth Management LLC boosted its holdings in shares of Home Depot by 3.7% in the fourth quarter. Rockline Wealth Management LLC now owns 29,771 shares of the home improvement retailer’s stock worth $11,580,000 after buying an additional 1,057 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in shares of Home Depot by 15.6% in the fourth quarter. Tempus Wealth Planning LLC now owns 2,663 shares of the home improvement retailer’s stock worth $1,036,000 after buying an additional 359 shares during the last quarter. Flavin Financial Services Inc. purchased a new position in shares of Home Depot in the fourth quarter worth approximately $2,699,000. Finally, First Dallas Securities Inc. boosted its holdings in shares of Home Depot by 29.9% in the fourth quarter. First Dallas Securities Inc. now owns 9,811 shares of the home improvement retailer’s stock worth $3,816,000 after buying an additional 2,259 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HD shares. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, DA Davidson lifted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.6 %

Shares of HD opened at $414.04 on Thursday. The company’s fifty day moving average is $407.11 and its 200 day moving average is $393.41. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $411.29 billion, a PE ratio of 28.13, a P/E/G ratio of 4.34 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.