Berry Wealth Group LP Invests $4.23 Million in The Home Depot, Inc. (NYSE:HD)

Berry Wealth Group LP purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,202 shares of the home improvement retailer’s stock, valued at approximately $4,229,000. Home Depot makes up about 3.9% of Berry Wealth Group LP’s investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new stake in Home Depot in the 4th quarter worth about $35,000. Briaud Financial Planning Inc bought a new stake in Home Depot in the 3rd quarter valued at about $41,000. Finally, Quantbot Technologies LP purchased a new stake in Home Depot during the third quarter valued at about $64,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot 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 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 Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated 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 $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. The Goldman Sachs Group increased their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Evercore ISI reduced their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Trading Down 1.0 %

Shares of Home Depot stock traded down $3.24 during trading on Wednesday, reaching $330.98. The company’s stock had a trading volume of 883,676 shares, compared to its average volume of 3,312,592. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market cap of $328.01 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.24 and a beta of 0.98. The firm’s 50-day moving average is $363.69 and its two-hundred day moving average is $341.88. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.72%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

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.