The Home Depot, Inc. (NYSE:HD) Holdings Raised by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 7.7% in the 1st quarter, HoldingsChannel reports. The firm owned 770 shares of the home improvement retailer’s stock after purchasing an additional 55 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Home Depot were worth $282,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Register Financial Advisors LLC grew its stake in shares of Home Depot by 1.6% in the first quarter. Register Financial Advisors LLC now owns 4,154 shares of the home improvement retailer’s stock worth $1,522,000 after purchasing an additional 66 shares in the last quarter. Weaver Capital Management LLC boosted its stake in Home Depot by 2.1% during the first quarter. Weaver Capital Management LLC now owns 9,977 shares of the home improvement retailer’s stock valued at $3,656,000 after buying an additional 209 shares in the last quarter. Monte Financial Group LLC boosted its stake in Home Depot by 3.1% during the first quarter. Monte Financial Group LLC now owns 18,885 shares of the home improvement retailer’s stock valued at $6,705,000 after buying an additional 567 shares in the last quarter. Marietta Wealth Management LLC boosted its stake in Home Depot by 8.9% during the first quarter. Marietta Wealth Management LLC now owns 30,066 shares of the home improvement retailer’s stock valued at $11,019,000 after buying an additional 2,452 shares in the last quarter. Finally, World Equity Group Inc. boosted its stake in Home Depot by 39.7% during the first quarter. World Equity Group Inc. now owns 5,860 shares of the home improvement retailer’s stock valued at $2,179,000 after buying an additional 1,666 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.9%

HD opened at $350.21 on Friday. The business has a 50-day moving average of $362.65 and a 200-day moving average of $380.08. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market capitalization of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the business posted $3.63 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. JPMorgan Chase & Co. raised their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. DA Davidson decreased their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Robert W. Baird decreased their target price on Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $426.77.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.