HHM Wealth Advisors LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

HHM Wealth Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,804 shares of the home improvement retailer’s stock after buying an additional 74 shares during the quarter. Home Depot makes up approximately 0.3% of HHM Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding. HHM Wealth Advisors LLC’s holdings in Home Depot were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Little House Capital LLC raised its stake in Home Depot by 22.9% in the fourth quarter. Little House Capital LLC now owns 6,504 shares of the home improvement retailer’s stock valued at $2,254,000 after purchasing an additional 1,211 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its stake in Home Depot by 6.3% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,524 shares of the home improvement retailer’s stock valued at $875,000 after purchasing an additional 149 shares in the last quarter. Paradigm Financial Partners LLC raised its stake in Home Depot by 2.9% in the fourth quarter. Paradigm Financial Partners LLC now owns 15,325 shares of the home improvement retailer’s stock valued at $5,311,000 after purchasing an additional 430 shares in the last quarter. Stonebrook Private Inc. purchased a new stake in Home Depot in the fourth quarter valued at approximately $4,041,000. Finally, Omnia Family Wealth LLC raised its stake in Home Depot by 3.5% in the fourth quarter. Omnia Family Wealth LLC now owns 1,134 shares of the home improvement retailer’s stock valued at $393,000 after purchasing an additional 38 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated 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 transaction, 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 SEC, which is available through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated 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 transaction, 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 SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Wells Fargo & Company lifted their price target 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. Telsey Advisory Group lifted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Finally, Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Up 0.9 %

Shares of HD stock traded up $3.11 during mid-day trading on Friday, reaching $335.09. 2,465,262 shares of the company’s stock traded hands, compared to its average volume of 3,779,238. The company has a market cap of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.23 and a beta of 0.98. The company’s 50-day moving average price is $364.77 and its 200-day moving average price is $340.97. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last announced its quarterly 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. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. Home Depot’s payout ratio is 59.60%.

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.