The Home Depot, Inc. (NYSE:HD) Stock Holdings Boosted by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 43.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,288 shares of the home improvement retailer’s stock after acquiring an additional 387 shares during the period. Legacy Wealth Management LLC MS’s holdings in Home Depot were worth $522,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Alternative Investment Advisors LLC. bought a new position in shares of Home Depot during the third quarter worth about $242,000. DGS Capital Management LLC grew its position in shares of Home Depot by 4.5% during the third quarter. DGS Capital Management LLC now owns 2,293 shares of the home improvement retailer’s stock worth $929,000 after acquiring an additional 98 shares during the last quarter. Garden State Investment Advisory Services LLC grew its position in shares of Home Depot by 7.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 2,771 shares of the home improvement retailer’s stock worth $1,124,000 after acquiring an additional 183 shares during the last quarter. Copley Financial Group Inc. bought a new position in shares of Home Depot during the third quarter worth about $607,000. Finally, Retirement Systems of Alabama grew its position in shares of Home Depot by 11.2% during the third quarter. Retirement Systems of Alabama now owns 475,434 shares of the home improvement retailer’s stock worth $192,646,000 after acquiring an additional 47,914 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7 %

HD stock traded up $2.80 during mid-day trading on Friday, reaching $417.22. 488,759 shares of the stock traded hands, compared to its average volume of 3,362,688. 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 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $414.45 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.93 and a beta of 1.03. The stock’s fifty day moving average is $411.62 and its 200-day moving average is $377.35.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.16%. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HD shares. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s 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 $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Company insiders own 0.10% of the company’s stock.

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.