Marcum Wealth LLC Buys 419 Shares of The Home Depot, Inc. (NYSE:HD)

Marcum Wealth LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 6,812 shares of the home improvement retailer’s stock after purchasing an additional 419 shares during the period. Marcum Wealth LLC’s holdings in Home Depot were worth $2,650,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Home Depot by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,392,582 shares of the home improvement retailer’s stock valued at $479,382,000 after buying an additional 46,474 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new position in shares of Home Depot during the second quarter valued at approximately $1,563,000. Excalibur Management Corp grew its stake in shares of Home Depot by 0.8% during the second quarter. Excalibur Management Corp now owns 5,078 shares of the home improvement retailer’s stock valued at $1,748,000 after buying an additional 40 shares during the last quarter. Finally, GDS Wealth Management boosted its holdings in shares of Home Depot by 12.2% in the second quarter. GDS Wealth Management now owns 32,762 shares of the home improvement retailer’s stock valued at $11,278,000 after purchasing an additional 3,559 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

NYSE HD opened at $392.98 on Wednesday. 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 stock’s fifty day moving average price is $405.88 and its 200 day moving average price is $386.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $390.37 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the firm earned $3.81 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $6,553,958.08. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average 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.