The Home Depot, Inc. (NYSE:HD) Shares Purchased by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 2.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,935 shares of the home improvement retailer’s stock after purchasing an additional 72 shares during the period. Octavia Wealth Advisors LLC’s holdings in Home Depot were worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. POM Investment Strategies LLC boosted its stake in shares of Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after acquiring an additional 24 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after purchasing an additional 24 shares in the last quarter. Live Oak Private Wealth LLC lifted its holdings in Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock valued at $1,912,000 after purchasing an additional 25 shares in the last quarter. Mezzasalma Advisors LLC boosted its stake in shares of Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock worth $255,000 after purchasing an additional 25 shares during the last quarter. Finally, Focused Wealth Management Inc grew its holdings in shares of Home Depot by 2.4% during the fourth quarter. Focused Wealth Management Inc now owns 1,082 shares of the home improvement retailer’s stock worth $421,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Wedbush reissued an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Stifel Nicolaus upgraded Home Depot from a “hold” rating to a “buy” rating and raised their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Trading Down 0.5%

Shares of HD stock opened at $367.45 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm’s 50 day moving average price is $361.63 and its two-hundred day moving average price is $384.44. The stock has a market cap of $365.59 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

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.