Laurel Wealth Advisors LLC Has $10.07 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Laurel Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,063 shares of the home improvement retailer’s stock after purchasing an additional 98 shares during the period. Home Depot makes up approximately 1.9% of Laurel Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Laurel Wealth Advisors LLC’s holdings in Home Depot were worth $10,072,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bare Financial Services Inc acquired a new position in Home Depot in the fourth quarter valued at about $26,000. Keener Financial Planning LLC acquired a new position in Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in 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 valued at $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new position in Home Depot in the fourth quarter valued at about $35,000. Finally, Burkett Financial Services LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock traded up $3.11 on Friday, hitting $335.09. The stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The business’s 50 day moving average is $364.77 and its two-hundred day moving average is $340.68. 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 cap of $332.08 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This is an increase 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 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Robert W. Baird restated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Wedbush boosted their price target on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Telsey Advisory Group boosted their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Finally, Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.