McGlone Suttner Wealth Management Inc. Buys 391 Shares of The Home Depot, Inc. (NYSE:HD)

McGlone Suttner Wealth Management Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,606 shares of the home improvement retailer’s stock after acquiring an additional 391 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Home Depot were worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HD. Navigoe LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $29,000. Quarry LP raised its stake in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $39,000. Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $45,000. Finally, Vega Investment Solutions acquired a new position in shares of Home Depot in the fourth quarter valued at $46,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped 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. Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. TD Securities lowered Home Depot to a “buy” rating in a research note on Monday, June 2nd. Robert W. Baird cut 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 set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Price Performance

Home Depot stock opened at $371.36 on Friday. The business’s 50-day simple moving average is $365.14 and its 200 day simple moving average is $376.21. The stock has a market cap of $369.47 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently 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.