1,142 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by MBE Wealth Management LLC

MBE Wealth Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,142 shares of the home improvement retailer's stock, valued at approximately $444,000.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the 2nd quarter valued at $47,000. Anchor Investment Management LLC raised its holdings in Home Depot by 1.1% during the 2nd quarter. Anchor Investment Management LLC now owns 19,965 shares of the home improvement retailer's stock valued at $6,873,000 after buying an additional 223 shares during the period. Ashburton Jersey Ltd bought a new stake in Home Depot in the second quarter worth $8,450,000. Finally, Mattson Financial Services LLC purchased a new position in Home Depot during the second quarter worth $1,382,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Finally, Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One investment 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Down 0.6 %

NYSE:HD traded down $2.64 during midday trading on Friday, reaching $411.86. 2,761,013 shares of the stock traded hands, compared to its average volume of 3,175,677. The stock has a market capitalization of $409.13 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. 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 business has a 50-day moving average of $408.02 and a two-hundred day moving average of $392.08.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot's dividend payout ratio (DPR) is currently 61.14%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company'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 value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last three months. 0.10% of the stock is owned by insiders.

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.