Beaumont Financial Advisors LLC Buys 62 Shares of The Home Depot, Inc. (NYSE:HD)

Beaumont Financial Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,367 shares of the home improvement retailer’s stock after buying an additional 62 shares during the period. Beaumont Financial Advisors LLC’s holdings in Home Depot were worth $3,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Wealth Management LLC DE boosted its position in shares of Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after purchasing an additional 3,162 shares in the last quarter. Wolf Group Capital Advisors raised its stake in shares of Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the last quarter. Alliance Wealth Management Group bought a new position in shares of Home Depot in the fourth quarter valued at approximately $253,000. Psagot Value Holdings Ltd. Israel grew its holdings in shares of Home Depot by 8.0% in the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after acquiring an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. grew its holdings in shares of Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7 %

NYSE HD opened at $335.36 on Friday. The company has a market capitalization of $332.35 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.22 and a beta of 0.98. The stock’s 50-day simple moving average is $367.36 and its two-hundred day simple moving average is $339.21. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

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 the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for 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 company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. Research analysts forecast 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. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HD shares. Royal Bank of Canada increased their price objective on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. Evercore ISI cut their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot 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 owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related 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 sale, 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 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 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 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. Company insiders own 0.10% of the company’s stock.

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.