Total Wealth Planning & Management Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Total Wealth Planning & Management Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,278 shares of the home improvement retailer's stock, valued at approximately $1,664,000. Home Depot comprises about 1.5% of Total Wealth Planning & Management Inc.'s investment portfolio, making the stock its 10th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter valued at approximately $28,000. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $32,000. Finally, Quarry LP grew its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.7%

Shares of NYSE HD traded down $2.59 during trading on Wednesday, hitting $367.81. The stock had a trading volume of 2,977,986 shares, compared to its average volume of 3,430,623. The firm has a fifty day moving average of $360.70 and a two-hundred day moving average of $386.56. The company has a market capitalization of $365.61 billion, a PE ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS 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 firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued 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 yield of 2.50%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Robert W. Baird reduced their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Truist Financial upped their price target on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Gordon Haskett increased their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 sale, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

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.