RMR Wealth Builders raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 19.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,950 shares of the home improvement retailer’s stock after purchasing an additional 1,316 shares during the quarter. RMR Wealth Builders’ holdings in Home Depot were worth $2,346,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Fairfield Bush & CO. acquired a new position in Home Depot during the first quarter worth $27,000. Align Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $30,000. Glassy Mountain Advisors Inc. acquired a new position in Home Depot during the 4th quarter worth about $30,000. Studio Investment Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $32,000. Finally, Bellwether Advisors LLC grew its position in Home Depot by 74.0% in the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 69.91% of the company’s stock.
Insider Transactions at Home Depot
In related news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the transaction, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.
Home Depot Stock Down 0.2 %
Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.02. The business had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s payout ratio is currently 50.94%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. TheStreet lowered shares of Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Jefferies Financial Group boosted their price target on shares of Home Depot from $337.00 to $349.00 in a research note on Wednesday, June 14th. Wedbush reduced their price objective on Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. Cowen lowered their target price on Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Finally, Wells Fargo & Company increased their price target on Home Depot from $325.00 to $345.00 in a research report on Thursday, June 8th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.43.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. 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.
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