Accurate Wealth Management LLC Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Accurate Wealth Management LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,920 shares of the home improvement retailer's stock after acquiring an additional 798 shares during the period. Accurate Wealth Management LLC's holdings in Home Depot were worth $3,510,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the fourth quarter worth approximately $28,000. Navigoe LLC acquired a new position in shares of Home Depot in the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.8%

Home Depot stock traded up $2.95 on Tuesday, hitting $368.15. 3,014,068 shares of the stock traded hands, compared to its average volume of 3,408,063. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $366.28 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. 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 business's fifty day simple moving average is $361.51 and its 200 day simple moving average is $384.05.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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 net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the business earned $3.63 earnings per share. Home Depot's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Activity

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

Analysts Set New Price Targets

Several brokerages have recently commented on HD. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating on shares of Home Depot in a research report on Monday, June 2nd. DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Royal Bank of Canada reduced their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Finally, HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.