The Home Depot, Inc. (NYSE:HD) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% during the 1st quarter, Holdings Channel reports. The fund owned 10,555 shares of the home improvement retailer’s stock after acquiring an additional 435 shares during the quarter. Home Depot comprises 0.5% of RMR Wealth Builders’ portfolio, making the stock its 29th largest holding. RMR Wealth Builders’ holdings in Home Depot were worth $4,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after acquiring an additional 347,614 shares during the period. Norges Bank acquired a new stake in Home Depot in the 4th quarter valued at about $4,311,070,000. Fisher Asset Management LLC lifted its holdings in Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Home Depot by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after purchasing an additional 82,672 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HD shares. TD Cowen dropped their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the company from $352.00 to $395.00 in a report on Wednesday. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective for the company. HSBC cut their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Citigroup decreased their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Down 0.1 %

HD opened at $341.49 on Friday. The company has a market capitalization of $338.62 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The business has a 50-day moving average of $338.15 and a 200-day moving average of $352.59.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the firm earned $3.82 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Home Depot 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.