Paces Ferry Wealth Advisors LLC Has $2.55 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Paces Ferry Wealth Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,346 shares of the home improvement retailer’s stock after buying an additional 228 shares during the quarter. Home Depot makes up 1.8% of Paces Ferry Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. Paces Ferry Wealth Advisors LLC’s holdings in Home Depot were worth $2,546,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HD. Keener Financial Planning LLC acquired a new stake in Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC boosted 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 buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new stake in Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc acquired a new stake in Home Depot in the third quarter valued at about $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Home Depot during the third quarter valued at about $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HD. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Evercore ISI cut their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Finally, Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Down 0.8 %

Shares of NYSE HD traded down $2.57 during midday trading on Tuesday, hitting $334.23. 3,088,022 shares of the stock traded hands, compared to its average volume of 3,341,935. The company has a market cap of $331.23 billion, a PE ratio of 22.13, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The business has a 50 day moving average price of $363.69 and a two-hundred day moving average price of $341.88. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.30 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current 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. This is a boost 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 payout ratio is presently 59.60%.

Insider Activity at Home Depot

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 stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, 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 owned by insiders.

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.