FSM Wealth Advisors LLC Has $1.75 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

FSM Wealth Advisors LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,266 shares of the home improvement retailer’s stock after purchasing an additional 166 shares during the period. FSM Wealth Advisors LLC’s holdings in Home Depot were worth $1,746,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. KPP Advisory Services LLC raised its holdings in Home Depot by 1.2% in the 4th quarter. KPP Advisory Services LLC now owns 6,314 shares of the home improvement retailer’s stock valued at $2,456,000 after acquiring an additional 76 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in Home Depot by 7.7% in the 4th quarter. HHM Wealth Advisors LLC now owns 7,175 shares of the home improvement retailer’s stock valued at $2,791,000 after acquiring an additional 514 shares in the last quarter. Willis Investment Counsel raised its holdings in Home Depot by 0.6% in the 4th quarter. Willis Investment Counsel now owns 97,304 shares of the home improvement retailer’s stock valued at $37,850,000 after acquiring an additional 585 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in Home Depot by 4.5% in the 4th quarter. CFM Wealth Partners LLC now owns 18,490 shares of the home improvement retailer’s stock valued at $7,192,000 after acquiring an additional 795 shares in the last quarter. Finally, CCG Wealth Management LLC raised its holdings in Home Depot by 10.7% in the 4th quarter. CCG Wealth Management LLC now owns 2,051 shares of the home improvement retailer’s stock valued at $798,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. 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.

Wall Street Analyst Weigh In

Several research firms have commented on HD. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Up 0.7 %

Shares of HD opened at $411.79 on Wednesday. The business’s fifty day moving average price is $407.47 and its two-hundred day moving average price is $393.07. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $409.05 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly 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 business posted $3.81 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

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.