Mosaic Family Wealth LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,724 shares of the home improvement retailer’s stock after acquiring an additional 95 shares during the period. Mosaic Family Wealth LLC’s holdings in The Home Depot were worth $458,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HD. S.A. Mason LLC lifted its stake in The Home Depot by 1.4% in the fourth quarter. S.A. Mason LLC now owns 3,966 shares of the home improvement retailer’s stock valued at $1,053,000 after acquiring an additional 55 shares during the last quarter. Ascent Wealth Partners LLC increased its position in The Home Depot by 0.4% during the fourth quarter. Ascent Wealth Partners LLC now owns 25,970 shares of the home improvement retailer’s stock worth $6,898,000 after acquiring an additional 99 shares during the period. Legacy Financial Advisors Inc. increased its position in The Home Depot by 1.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,772 shares of the home improvement retailer’s stock worth $1,002,000 after acquiring an additional 68 shares during the period. Klingenstein Fields & Co. LP increased its position in The Home Depot by 6.7% during the fourth quarter. Klingenstein Fields & Co. LP now owns 75,675 shares of the home improvement retailer’s stock worth $20,101,000 after acquiring an additional 4,750 shares during the period. Finally, TriaGen Wealth Management LLC bought a new stake in The Home Depot in the 4th quarter valued at $517,000. 68.71% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Edward P. Decker sold 25,595 shares of The Home Depot stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the sale, the chief operating officer now owns 97,352 shares of the company’s stock, valued at $26,226,628.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 120 shares of The Home Depot stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total value of $32,283.60. Following the sale, the executive vice president now directly owns 46,611 shares of the company’s stock, valued at approximately $12,539,757.33. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Shares of The Home Depot stock opened at $278.86 on Monday. The business has a fifty day simple moving average of $272.19 and a two-hundred day simple moving average of $274.68. The Home Depot, Inc. has a 1 year low of $140.63 and a 1 year high of $292.95. The company has a market capitalization of $300.22 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $33.54 billion during the quarter, compared to the consensus estimate of $32.03 billion. During the same quarter last year, the firm posted $2.53 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
Several research firms have recently weighed in on HD. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 target price on the stock in a report on Thursday, November 12th. Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Wednesday, January 13th. Wedbush downgraded shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 11th. Morgan Stanley increased their price target on shares of The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, December 4th. Finally, Bank of America increased their target price on The Home Depot from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $293.25.
About The Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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