Walter & Keenan Wealth Management LLC IN ADV Trims Stake in The Home Depot, Inc. (NYSE:HD)

Walter & Keenan Wealth Management LLC IN ADV trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,391 shares of the home improvement retailer’s stock after selling 74 shares during the quarter. Home Depot comprises about 1.2% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 22nd largest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Home Depot were worth $4,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Soltis Investment Advisors LLC boosted its holdings in shares of Home Depot by 11.1% in the 4th quarter. Soltis Investment Advisors LLC now owns 4,346 shares of the home improvement retailer’s stock worth $1,691,000 after purchasing an additional 435 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of Home Depot by 3.1% in the 4th quarter. Silicon Valley Capital Partners now owns 23,718 shares of the home improvement retailer’s stock worth $9,226,000 after purchasing an additional 708 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter worth about $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Home Depot in the 4th quarter worth about $154,000. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Home Depot by 0.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 266,268 shares of the home improvement retailer’s stock worth $103,575,000 after purchasing an additional 886 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $428.78.

Home Depot Trading Up 1.7 %

HD opened at $414.25 on Tuesday. The firm has a market capitalization of $411.50 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company’s 50 day simple moving average is $406.14 and its two-hundred day simple moving average is $394.55. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.81 EPS. Analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Home Depot Company 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.