The Home Depot, Inc. (NYSE:HD) Position Raised by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,297 shares of the home improvement retailer’s stock after purchasing an additional 868 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Home Depot were worth $5,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Home Depot by 2.6% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 3,481 shares of the home improvement retailer’s stock valued at $1,052,000 after acquiring an additional 89 shares during the period. Wealth Management Partners LLC grew its holdings in shares of Home Depot by 4.3% during the third quarter. Wealth Management Partners LLC now owns 6,722 shares of the home improvement retailer’s stock worth $2,031,000 after buying an additional 279 shares in the last quarter. Segment Wealth Management LLC lifted its position in Home Depot by 5.3% during the 3rd quarter. Segment Wealth Management LLC now owns 43,338 shares of the home improvement retailer’s stock worth $13,095,000 after buying an additional 2,180 shares in the last quarter. Eclectic Associates Inc. ADV grew its stake in shares of Home Depot by 16.1% in the third quarter. Eclectic Associates Inc. ADV now owns 13,140 shares of the home improvement retailer’s stock valued at $3,970,000 after buying an additional 1,818 shares in the last quarter. Finally, Horizon Wealth Management LLC lifted its stake in Home Depot by 14.6% in the 3rd quarter. Horizon Wealth Management LLC now owns 770 shares of the home improvement retailer’s stock valued at $233,000 after purchasing an additional 98 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Wedbush lifted their target price on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. The Goldman Sachs Group lifted their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $375.19.

Home Depot Trading Up 2.1 %

Home Depot stock traded up $7.28 during midday trading on Thursday, reaching $346.11. The stock had a trading volume of 1,574,277 shares, compared to its average volume of 3,322,542. The stock’s 50-day simple moving average is $360.47 and its 200 day simple moving average is $343.54. 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 Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a market capitalization of $343.00 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders 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 is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.60%. Home Depot’s payout ratio is currently 59.60%.

Insider Transactions at Home Depot

In other Home Depot news, 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 value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly 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 at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s 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 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.

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.