Strategic Wealth Investment Group LLC grew its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 125.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,586 shares of the home improvement retailer’s stock after purchasing an additional 2,556 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Home Depot were worth $1,353,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of HD. Willis Investment Counsel lifted its position in Home Depot by 0.4% during the first quarter. Willis Investment Counsel now owns 98,795 shares of the home improvement retailer’s stock valued at $29,156,000 after buying an additional 433 shares during the period. Cottage Street Advisors LLC increased its stake in shares of Home Depot by 26,657.7% in the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after acquiring an additional 3,567,063 shares in the last quarter. Sigma Planning Corp lifted its position in Home Depot by 1.6% during the 4th quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock valued at $13,718,000 after acquiring an additional 672 shares during the period. Howard Financial Services LTD. boosted its stake in Home Depot by 7.2% during the first quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock worth $215,000 after acquiring an additional 49 shares in the last quarter. Finally, Legacy Bridge LLC grew its holdings in Home Depot by 1.8% in the fourth quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock worth $1,647,000 after purchasing an additional 90 shares during the period. 69.91% of the stock is owned by hedge funds and other institutional investors.
Home Depot Stock Up 0.3 %
Shares of HD stock opened at $302.81 on Monday. The company has a market capitalization of $304.44 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.97 and a beta of 0.94. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The company’s fifty day moving average price is $296.89 and its 200-day moving average price is $302.34. The Home Depot, Inc. has a one year low of $265.61 and a one year high of $347.25.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Wednesday, May 31st. Home Depot’s payout ratio is currently 50.94%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on HD shares. Wedbush lowered their target price on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Credit Suisse Group cut their target price on Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research report on Wednesday, May 17th. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. Finally, TheStreet downgraded shares of Home Depot from a “b” rating to a “c+” rating in a research report on Tuesday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.43.
Insider Buying and Selling
In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s 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 sale, the executive vice president now owns 13,958 shares in the company, valued at approximately $4,090,950.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.
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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