The Home Depot, Inc. (NYSE:HD) is Silverlake Wealth Management LLC’s 9th Largest Position

Silverlake Wealth Management LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,595 shares of the home improvement retailer’s stock after selling 158 shares during the period. Home Depot makes up about 1.5% of Silverlake Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Silverlake Wealth Management LLC’s holdings in Home Depot were worth $2,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Capital Research Global Investors boosted its stake in shares of Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. grew 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 valued at $4,540,197,000 after acquiring an additional 347,614 shares in the last quarter. Norges Bank acquired a new position in shares of Home Depot in the fourth quarter worth about $4,311,070,000. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 2.3% in the fourth 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Home Depot by 1.3% in the fourth 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. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD opened at $334.97 on Wednesday. The business has a fifty day simple moving average of $338.51 and a 200-day simple moving average of $352.69. The firm has a market cap of $332.16 billion, a PE ratio of 22.47, a P/E/G ratio of 2.38 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter last year, the business posted $3.82 EPS. Home Depot’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. TD Cowen decreased their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Raymond James restated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.