Johnson & White Wealth Management LLC Invests $1.79 Million in The Home Depot, Inc. (NYSE:HD)

Johnson & White Wealth Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,616 shares of the home improvement retailer's stock, valued at approximately $1,793,000. Home Depot comprises about 1.1% of Johnson & White Wealth Management LLC's holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Cullen Investment Group LTD. lifted its stake in shares of Home Depot by 2.5% in the 4th quarter. Cullen Investment Group LTD. now owns 20,046 shares of the home improvement retailer's stock worth $7,798,000 after purchasing an additional 489 shares during the period. Tealwood Asset Management Inc. grew its position in shares of Home Depot by 1.9% during the 4th quarter. Tealwood Asset Management Inc. now owns 6,338 shares of the home improvement retailer's stock valued at $2,465,000 after acquiring an additional 120 shares during the period. Grandview Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth $639,000. PSI Advisors LLC increased its position in Home Depot by 12.0% in the fourth quarter. PSI Advisors LLC now owns 2,223 shares of the home improvement retailer's stock worth $865,000 after buying an additional 238 shares in the last quarter. Finally, Marcum Wealth LLC increased its holdings in shares of Home Depot by 6.6% in the fourth quarter. Marcum Wealth LLC now owns 6,812 shares of the home improvement retailer's stock worth $2,650,000 after purchasing an additional 419 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $9.69 during trading on Wednesday, hitting $402.47. 2,037,506 shares of the stock traded hands, compared to its average volume of 3,024,642. The company has a fifty day moving average price of $405.88 and a two-hundred day moving average price of $386.65. 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 $399.80 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the prior year, the company posted $3.81 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS 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 paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was 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 of the company's stock, valued at $5,018,159.70. This trade represents a 0.80 % 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 quarter. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective for the company. Finally, Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One equities 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.