Silvia Mccoll Wealth Management LLC Purchases 89 Shares of The Home Depot, Inc. (NYSE:HD)

Silvia Mccoll Wealth Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% during the 1st quarter, Holdings Channel reports. The fund owned 1,682 shares of the home improvement retailer’s stock after buying an additional 89 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Home Depot were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Capital Research Global Investors raised its stake in shares of Home Depot by 7.2% during 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 acquiring an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 347,614 shares during the period. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter valued at $4,311,070,000. Fisher Asset Management LLC lifted its position in Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after acquiring an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in 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 during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

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

Home Depot Stock Down 2.3 %

Shares of NYSE:HD opened at $336.19 on Tuesday. The firm has a market capitalization of $333.37 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. 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 firm’s 50-day moving average is $338.51 and its two-hundred day moving average is $352.80. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the company posted $3.82 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial decreased their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. HSBC decreased their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, May 14th. Bank of America increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Wedbush reissued an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $378.42.

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.