Marion Wealth Management Has $2.23 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Marion Wealth Management lifted its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,423 shares of the home improvement retailer’s stock after purchasing an additional 236 shares during the period. Marion Wealth Management’s holdings in Home Depot were worth $2,226,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of Home Depot during the 1st quarter worth $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter valued at about $27,000. Ergoteles LLC purchased a new stake in shares of Home Depot during the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. boosted its holdings in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after acquiring an additional 24,640 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Home Depot Trading Up 1.2 %

Shares of HD stock traded up $4.38 on Tuesday, reaching $376.29. 309,815 shares of the stock were exchanged, compared to its average volume of 3,120,103. The stock has a 50 day moving average price of $364.19 and a 200 day moving average price of $331.81. The stock has a market cap of $372.91 billion, a PE ratio of 24.63, a P/E/G ratio of 2.46 and a beta of 0.99. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $385.10.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th will be paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date is Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.39%. Home Depot’s dividend payout ratio is currently 59.60%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. Citigroup upped their price objective on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Wells Fargo & Company raised their target price on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Wedbush reiterated an “outperform” rating and issued a $380.00 target price on shares of Home Depot in a research note on Wednesday, February 21st. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday. They issued a “buy” rating and a $415.00 price target for the company. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $366.76.

View Our Latest Report on HD

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

Read More

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.