TriaGen Wealth Management LLC Buys 470 Shares of The Home Depot, Inc. (NYSE:HD)

TriaGen Wealth Management LLC raised its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 24.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,405 shares of the home improvement retailer’s stock after purchasing an additional 470 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Home Depot were worth $833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OPTIMAS CAPITAL Ltd bought a new position in shares of Home Depot during the fourth quarter valued at approximately $1,559,000. Princeton Global Asset Management LLC raised its holdings in shares of Home Depot by 2.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 9,937 shares of the home improvement retailer’s stock valued at $3,444,000 after acquiring an additional 253 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Home Depot by 1.8% during the fourth quarter. Drive Wealth Management LLC now owns 4,083 shares of the home improvement retailer’s stock valued at $1,415,000 after acquiring an additional 74 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $678,000. Finally, Fusion Capital LLC raised its holdings in shares of Home Depot by 2.6% during the fourth quarter. Fusion Capital LLC now owns 19,726 shares of the home improvement retailer’s stock valued at $6,836,000 after acquiring an additional 497 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.8 %

Home Depot stock opened at $360.10 on Thursday. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market capitalization of $356.87 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The business’s fifty day moving average is $370.13 and its 200 day moving average is $336.13.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating 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 company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the firm posted $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.38 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.50%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly 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 is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Citigroup upped their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus increased their price objective on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.35.

View Our Latest Stock Report on HD

Home Depot Profile

(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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