Spire Wealth Management Has $12.70 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Spire Wealth Management lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,051 shares of the home improvement retailer's stock after selling 10,569 shares during the period. Spire Wealth Management's holdings in Home Depot were worth $12,703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc acquired a new stake in Home Depot during the 4th quarter worth approximately $26,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the fourth quarter worth $31,000. PFG Private Wealth Management LLC increased its holdings in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC bought a new position in Home Depot during the 4th quarter worth $35,000. Finally, Briaud Financial Planning Inc acquired a new position in Home Depot during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company's stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HD. Truist Financial reaffirmed a "buy" rating and issued a $417.00 price objective on shares of Home Depot in a research note on Wednesday, April 17th. Citigroup lifted their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Mizuho started coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a "buy" rating and a $415.00 price target on the stock. Bank of America upped their target price on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Finally, DA Davidson reiterated a "neutral" rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $375.96.

Home Depot Price Performance

HD traded up $7.32 during trading on Friday, reaching $342.85. 4,165,054 shares of the company were exchanged, compared to its average volume of 3,606,830. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company's 50-day moving average is $361.75 and its two-hundred day moving average is $342.77.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.30 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot's dividend payout ratio is currently 59.60%.

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.

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