Aaron Wealth Advisors LLC Has $3.14 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Aaron Wealth Advisors LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,066 shares of the home improvement retailer’s stock after acquiring an additional 814 shares during the period. Aaron Wealth Advisors LLC’s holdings in Home Depot were worth $3,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sandy Cove Advisors LLC grew its position in Home Depot by 8.9% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,903 shares of the home improvement retailer’s stock valued at $740,000 after acquiring an additional 156 shares during the period. Bowman & Co S.C. boosted its stake in shares of Home Depot by 1.1% in the 4th quarter. Bowman & Co S.C. now owns 8,877 shares of the home improvement retailer’s stock valued at $3,455,000 after purchasing an additional 97 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.9% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 7,027 shares of the home improvement retailer’s stock worth $2,733,000 after purchasing an additional 130 shares during the last quarter. Riversedge Advisors LLC grew its holdings in shares of Home Depot by 11.9% in the 4th quarter. Riversedge Advisors LLC now owns 1,119 shares of the home improvement retailer’s stock worth $435,000 after purchasing an additional 119 shares during the last quarter. Finally, Veery Capital LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $264,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $409.42 on Monday. The stock has a market cap of $406.70 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock’s 50-day moving average price is $406.51 and its two-hundred day moving average price is $387.81. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Bank of America lifted their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.