TLW Wealth Management LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

TLW Wealth Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,443 shares of the home improvement retailer's stock after buying an additional 2,376 shares during the period. Home Depot makes up approximately 5.2% of TLW Wealth Management LLC's portfolio, making the stock its 12th biggest position. TLW Wealth Management LLC's holdings in Home Depot were worth $8,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of HD. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the fourth quarter worth about $41,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the third quarter worth about $46,000. Quarry LP boosted its stake in shares of Home Depot by 36.0% in 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. Finally, Finley Financial LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Down 0.6 %

HD stock opened at $411.86 on Friday. The company has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The company has a fifty day moving average price of $408.02 and a 200 day moving average price of $392.08. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $39.31 billion. During the same period in the prior year, the company earned $3.81 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend 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

In other Home Depot news, 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 transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 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.

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