Marks Group Wealth Management Inc Has $604,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Marks Group Wealth Management Inc lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,744 shares of the home improvement retailer’s stock after selling 86 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Home Depot were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Keener Financial Planning LLC acquired a new stake in Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot during the third quarter worth about $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Home Depot during the third quarter worth about $64,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now 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 is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Bank of America upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush raised their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Stock Performance

Shares of HD stock traded up $3.49 during trading on Tuesday, reaching $339.60. 1,716,503 shares of the company’s stock traded hands, compared to its average volume of 3,326,118. The firm’s 50-day moving average is $366.77 and its 200 day moving average is $340.19. The company has a market capitalization of $336.55 billion, a P/E ratio of 22.33, a PEG ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. 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:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the business posted $3.30 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is presently 59.60%.

Home Depot Company 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.