Moss Adams Wealth Advisors LLC Purchases 107 Shares of The Home Depot, Inc. (NYSE:HD)

Moss Adams Wealth Advisors LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 899 shares of the home improvement retailer’s stock after acquiring an additional 107 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Home Depot were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HD. Powers Advisory Group LLC raised its position in shares of Home Depot by 8.9% in the 4th quarter. Powers Advisory Group LLC now owns 1,005 shares of the home improvement retailer’s stock valued at $348,000 after purchasing an additional 82 shares during the last quarter. Blackston Financial Advisory Group LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $634,000. Red Door Wealth Management LLC raised its stake in Home Depot by 4.8% in the 4th quarter. Red Door Wealth Management LLC now owns 19,899 shares of the home improvement retailer’s stock worth $6,896,000 after acquiring an additional 919 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Home Depot by 266.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 337,369 shares of the home improvement retailer’s stock valued at $116,915,000 after purchasing an additional 245,409 shares during the last quarter. Finally, Mason & Associates Inc raised its stake in shares of Home Depot by 3.8% in the fourth quarter. Mason & Associates Inc now owns 1,409 shares of the home improvement retailer’s stock worth $488,000 after purchasing an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 2.2 %

Shares of HD opened at $342.85 on Monday. 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 50-day moving average price of $361.75 and a 200 day moving average price of $342.77. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a market capitalization of $339.77 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (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 business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm earned $3.30 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Bank of America increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Robert W. Baird restated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price target 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. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.