RWA Wealth Partners LLC Acquires 62,619 Shares of The Home Depot, Inc. (NYSE:HD)

RWA Wealth Partners LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 125.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,341 shares of the home improvement retailer’s stock after purchasing an additional 62,619 shares during the quarter. RWA Wealth Partners LLC’s holdings in Home Depot were worth $38,932,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Keener Financial Planning LLC bought a new position in Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC raised its holdings 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 worth $32,000 after buying an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc acquired a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP acquired a new stake in Home Depot during the 3rd quarter worth approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HD shares. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Stifel Nicolaus raised their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Truist Financial restated a “buy” rating and set a $417.00 target price on shares of Home Depot in a report on Wednesday, April 17th. Finally, Evercore ISI lowered their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $336.02 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a fifty day simple moving average of $366.77 and a 200 day simple moving average of $340.19. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market capitalization of $333.00 billion, a PE ratio of 22.25, a P/E/G ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the business posted $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is 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.