GW Henssler & Associates Ltd. Has $10.23 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

GW Henssler & Associates Ltd. reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,517 shares of the home improvement retailer’s stock after selling 248 shares during the period. GW Henssler & Associates Ltd.’s holdings in Home Depot were worth $10,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Optas LLC raised its holdings in Home Depot by 1.7% in the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after acquiring an additional 29 shares during the last quarter. Harvest Investment Advisors LLC raised its holdings in Home Depot by 0.8% in the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after acquiring an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. raised its holdings in Home Depot by 0.3% in the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after acquiring an additional 30 shares during the last quarter. CGC Financial Services LLC raised its holdings in Home Depot by 4.3% in the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after acquiring an additional 30 shares during the last quarter. Finally, Independent Investors Inc. raised its holdings in Home Depot by 0.5% in the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after acquiring an additional 30 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.3 %

Shares of NYSE HD opened at $342.87 on Friday. The firm’s 50-day moving average price is $369.91 and its 200-day moving average price is $338.08. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a market capitalization of $339.79 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the company posted $3.30 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is 59.60%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Mizuho started coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Telsey Advisory Group boosted their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Finally, DA Davidson reissued a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.35.

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.