Stockman Wealth Management Inc. Buys 203 Shares of The Home Depot, Inc. (NYSE:HD)

Stockman Wealth Management Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,275 shares of the home improvement retailer’s stock after buying an additional 203 shares during the period. Stockman Wealth Management Inc.’s holdings in Home Depot were worth $6,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caliber Wealth Management LLC lifted its stake in Home Depot by 6.6% during the 3rd quarter. Caliber Wealth Management LLC now owns 7,400 shares of the home improvement retailer’s stock valued at $2,236,000 after acquiring an additional 459 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Home Depot during the 3rd quarter valued at $521,000. Harbor Investment Advisory LLC grew its holdings in shares of Home Depot by 6.2% in the third quarter. Harbor Investment Advisory LLC now owns 14,133 shares of the home improvement retailer’s stock worth $4,270,000 after acquiring an additional 819 shares during the period. Scharf Investments LLC increased its position in Home Depot by 1.4% during the third quarter. Scharf Investments LLC now owns 3,785 shares of the home improvement retailer’s stock valued at $1,144,000 after acquiring an additional 52 shares during the last quarter. Finally, OneAscent Financial Services LLC bought a new position in shares of Home Depot in the 3rd quarter worth approximately $683,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.9 %

HD stock traded up $3.13 on Tuesday, hitting $339.24. 1,593,846 shares of the company’s stock were exchanged, compared to its average volume of 3,324,365. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a 50 day moving average price of $366.77 and a two-hundred day moving average price of $340.19. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The stock has a market cap of $336.19 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm 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 earned $3.30 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.65%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on HD shares. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Evercore ISI lowered their target price on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Truist Financial reiterated a “buy” rating and issued a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. Finally, Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $375.96.

About Home Depot

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.