The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Marietta Wealth Management LLC

Marietta Wealth Management LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,516 shares of the home improvement retailer’s stock after buying an additional 303 shares during the period. Home Depot accounts for approximately 1.6% of Marietta Wealth Management LLC’s holdings, making the stock its 14th biggest position. Marietta Wealth Management LLC’s holdings in Home Depot were worth $8,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in Home Depot by 10.0% during the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after purchasing an additional 1,698,402 shares during the period. Northern Trust Corp boosted its stake in Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after purchasing an additional 153,141 shares during the period. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $3,740,875,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after acquiring an additional 10,984,516 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after acquiring an additional 1,361,660 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

Home Depot stock opened at $334.83 on Wednesday. The firm’s 50 day moving average price is $369.14 and its two-hundred day moving average price is $339.05. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm has a market cap of $331.82 billion, a PE ratio of 22.17, a P/E/G ratio of 2.25 and a beta of 0.98. 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 announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 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 analyst estimates of $34.64 billion. During the same quarter in the prior year, the business posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared 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. This is a positive change 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 dividend payout ratio is 59.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HD. Royal Bank of Canada upped their price target on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. DA Davidson reissued a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Finally, Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.