Elwood & Goetz Wealth Advisory Group LLC Has $705,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Elwood & Goetz Wealth Advisory Group LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,035 shares of the home improvement retailer’s stock after purchasing an additional 310 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Home Depot were worth $705,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Home Depot during the 4th quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC boosted its holdings in Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after buying an additional 10,984,516 shares during the period. Comerica Bank bought a new position in Home Depot in the 2nd quarter worth approximately $7,703,690,000. Imprint Wealth LLC lifted its stake in Home Depot by 30,994.4% in the 2nd quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock worth $241,323,000 after purchasing an additional 2,405,473 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $563,524,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on HD shares. Wedbush restated an “outperform” rating and set a $380.00 price objective on shares of Home Depot in a research report on Wednesday, February 21st. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $368.76.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.6 %

Shares of HD opened at $383.57 on Friday. The firm’s 50-day moving average price is $368.47 and its 200-day moving average price is $334.54. The firm has a market capitalization of $380.13 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.55 and a beta of 0.99. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Home Depot 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.