Elwood & Goetz Wealth Advisory Group LLC Acquires 310 Shares of The Home Depot, Inc. (NYSE:HD)

Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,035 shares of the home improvement retailer’s stock after acquiring an additional 310 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Home Depot were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Fairfield Bush & CO. purchased a new position in Home Depot during the 1st quarter worth approximately $27,000. KB Financial Partners LLC purchased a new position in Home Depot during the 1st quarter worth approximately $28,000. Studio Investment Management LLC purchased a new position in Home Depot during the 4th quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the 1st quarter worth approximately $37,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird reissued an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Stifel Nicolaus raised their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Royal Bank of Canada boosted their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Telsey Advisory Group boosted their target price on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, Guggenheim boosted their target price on shares of Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $368.76.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on 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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Home Depot Stock Performance

Home Depot stock opened at $383.57 on Friday. The stock’s 50 day moving average price is $368.47 and its 200 day moving average price is $334.54. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a market capitalization of $380.13 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.99. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared 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 2.35%. 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 59.60%.

Home Depot 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.