The Home Depot, Inc. (NYSE:HD) Stock Holdings Lifted by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,753 shares of the home improvement retailer’s stock after purchasing an additional 73 shares during the quarter. Home Depot makes up about 1.5% of Silverlake Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Silverlake Wealth Management LLC’s holdings in Home Depot were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HD. VisionPoint Advisory Group LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth about $26,000. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter valued at about $27,000. PFG Private Wealth Management LLC lifted its stake in 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 valued at $32,000 after acquiring an additional 32 shares during the period. KB Financial Partners LLC bought a new position in Home Depot during the 1st quarter valued at about $28,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $32,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 1.4 %

Shares of NYSE:HD opened at $363.00 on Wednesday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $359.74 billion, a PE ratio of 24.04, a PEG ratio of 2.53 and a beta of 0.98. The business has a 50 day moving average of $369.63 and a two-hundred day moving average of $335.67. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.48%. Home Depot’s dividend payout ratio is presently 59.60%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HD shares. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup increased their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wells Fargo & Company increased their price objective on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Guggenheim increased their target price on Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Wedbush increased their target price on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

Get Our Latest Analysis on Home Depot

Insiders Place Their Bets

In other news, 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 value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 sale, 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. 0.19% of the stock is owned by company insiders.

About Home Depot

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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