The Home Depot, Inc. (NYSE:HD) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,673 shares of the home improvement retailer’s stock after selling 141 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Home Depot were worth $1,966,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $31,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot in the first quarter worth approximately $27,000. PFG Private Wealth Management LLC increased its position in shares of 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 worth $32,000 after acquiring an additional 32 shares in the last quarter. KB Financial Partners LLC purchased a new position in shares of Home Depot in the first quarter worth approximately $28,000. Finally, Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $335.36 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a market capitalization of $332.35 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company has a 50 day moving average price of $367.36 and a two-hundred day moving average price of $339.21. 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 issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share 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 business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on 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 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 available at this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on 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 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 available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly 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 currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. HSBC reissued a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. Robert W. Baird reissued an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. 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 report on Tuesday, February 13th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, TD Cowen raised their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $375.96.

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.