Ullmann Wealth Partners Group LLC Acquires 1,883 Shares of The Home Depot, Inc. (NYSE:HD)

Ullmann Wealth Partners Group LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 137.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,256 shares of the home improvement retailer's stock after buying an additional 1,883 shares during the quarter. Ullmann Wealth Partners Group LLC's holdings in Home Depot were worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter worth $46,000. Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the 2nd quarter worth $47,000. Quarry LP boosted its position in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of Home Depot by 111.3% in the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after buying an additional 79 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The stock was 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 owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $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. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Gordon Haskett upgraded Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barclays upped 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. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective for the company. One 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Up 0.0 %

HD stock traded up $0.09 during mid-day trading on Friday, hitting $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. 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 1-year low of $323.77 and a 1-year high of $439.37. The company has a fifty day moving average of $406.44 and a 200 day moving average of $386.94. The stock has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot's payout ratio is currently 61.14%.

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.