Lineweaver Wealth Advisors LLC Purchases 1,154 Shares of The Home Depot, Inc. (NYSE:HD)

Lineweaver Wealth Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,704 shares of the home improvement retailer's stock after buying an additional 1,154 shares during the period. Lineweaver Wealth Advisors LLC's holdings in Home Depot were worth $3,924,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Allen Capital Group LLC increased its holdings in shares of Home Depot by 15.3% in the first quarter. Allen Capital Group LLC now owns 20,157 shares of the home improvement retailer's stock valued at $7,387,000 after purchasing an additional 2,676 shares in the last quarter. Trust Investment Advisors lifted its stake in shares of Home Depot by 9.8% during the first quarter. Trust Investment Advisors now owns 5,917 shares of the home improvement retailer's stock valued at $2,169,000 after acquiring an additional 529 shares during the period. Wealthgarden F.S. LLC lifted its stake in shares of Home Depot by 6.8% during the first quarter. Wealthgarden F.S. LLC now owns 692 shares of the home improvement retailer's stock valued at $253,000 after acquiring an additional 44 shares during the period. Summit X LLC lifted its stake in shares of Home Depot by 2.1% during the first quarter. Summit X LLC now owns 1,874 shares of the home improvement retailer's stock valued at $687,000 after acquiring an additional 39 shares during the period. Finally, Altman Advisors Inc. lifted its stake in shares of Home Depot by 0.7% during the first quarter. Altman Advisors Inc. now owns 4,846 shares of the home improvement retailer's stock valued at $1,747,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock traded down $1.11 during trading on Friday, reaching $357.93. 1,549,224 shares of the company's stock were exchanged, compared to its average volume of 3,427,270. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm's 50-day moving average price is $366.09 and its 200 day moving average price is $374.69. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market cap of $356.12 billion, a P/E ratio of 24.28, a PEG ratio of 3.40 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the firm posted $3.63 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Gordon Haskett upped their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Monday, June 30th. Morgan Stanley reissued an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.