MBE Wealth Management LLC Acquires Shares of 1,142 The Home Depot, Inc. (NYSE:HD)

MBE Wealth Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,142 shares of the home improvement retailer’s stock, valued at approximately $444,000.

Several other large investors have also modified their holdings of HD. KFA Private Wealth Group LLC lifted its holdings in Home Depot by 10.5% during the 4th quarter. KFA Private Wealth Group LLC now owns 612 shares of the home improvement retailer’s stock valued at $238,000 after buying an additional 58 shares in the last quarter. VCI Wealth Management LLC increased its position in shares of Home Depot by 39.2% during the fourth quarter. VCI Wealth Management LLC now owns 6,684 shares of the home improvement retailer’s stock worth $2,600,000 after acquiring an additional 1,883 shares during the period. W Advisors LLC raised its stake in shares of Home Depot by 1.4% during the fourth quarter. W Advisors LLC now owns 2,096 shares of the home improvement retailer’s stock valued at $815,000 after acquiring an additional 29 shares in the last quarter. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 5.2% in the fourth quarter. Acorn Creek Capital LLC now owns 925 shares of the home improvement retailer’s stock valued at $360,000 after purchasing an additional 46 shares during the period. Finally, Buffington Mohr McNeal grew its stake in Home Depot by 0.4% in the fourth quarter. Buffington Mohr McNeal now owns 12,435 shares of the home improvement retailer’s stock worth $4,837,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.3 %

Shares of NYSE:HD opened at $414.56 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business has a 50 day moving average of $407.93 and a two-hundred day moving average of $391.93. The company has a market capitalization of $411.81 billion, a PE ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Wells Fargo & Company upped their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.