713 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 713 shares of the home improvement retailer’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HD. Bare Financial Services Inc acquired a new position in Home Depot in the 4th quarter worth $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC increased its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter valued at approximately $35,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Home Depot during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. TD Cowen boosted their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday. Stifel Nicolaus boosted their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.19.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through this link. In other news, 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 value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded down $1.58 during mid-day trading on Tuesday, reaching $340.71. 2,930,173 shares of the stock were exchanged, compared to its average volume of 3,345,272. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The business has a fifty day moving average price of $360.47 and a 200 day moving average price of $343.54. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market capitalization of $337.65 billion, a PE ratio of 22.56, a PEG ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

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.