Revisor Wealth Management LLC Buys New Holdings in The Home Depot, Inc. (NYSE:HD)

Revisor Wealth Management LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,336 shares of the home improvement retailer's stock, valued at approximately $490,000.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Wealth Group Ltd. lifted its holdings in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after acquiring an additional 27 shares during the period. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Snider Financial Group increased its holdings in shares of Home Depot by 90.7% during the 4th quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock valued at $559,000 after purchasing an additional 683 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its stake in shares of Home Depot by 12.7% in the 4th quarter. Exencial Wealth Advisors LLC now owns 7,746 shares of the home improvement retailer's stock valued at $3,013,000 after purchasing an additional 875 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HD. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Royal Bank Of Canada lowered their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Finally, Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Down 0.3%

Shares of NYSE HD opened at $372.05 on Thursday. The stock has a market cap of $370.16 billion, a PE ratio of 25.24, a P/E/G ratio of 3.55 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a 50-day moving average of $364.63 and a 200 day moving average of $376.86.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.47%. Home Depot's dividend payout ratio is presently 62.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.