Walter & Keenan Wealth Management LLC IN ADV Sells 74 Shares of The Home Depot, Inc. (NYSE:HD)

Walter & Keenan Wealth Management LLC IN ADV cut its position in The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,391 shares of the home improvement retailer’s stock after selling 74 shares during the quarter. Home Depot accounts for about 1.2% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 22nd biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Home Depot were worth $4,042,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Soltis Investment Advisors LLC raised its position in shares of Home Depot by 11.1% during the fourth quarter. Soltis Investment Advisors LLC now owns 4,346 shares of the home improvement retailer’s stock worth $1,691,000 after acquiring an additional 435 shares during the last quarter. Silicon Valley Capital Partners raised its position in shares of Home Depot by 3.1% during the fourth quarter. Silicon Valley Capital Partners now owns 23,718 shares of the home improvement retailer’s stock worth $9,226,000 after acquiring an additional 708 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the fourth quarter worth about $28,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Home Depot during the fourth quarter worth about $154,000. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of Home Depot by 0.3% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 266,268 shares of the home improvement retailer’s stock worth $103,575,000 after acquiring an additional 886 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 1.7 %

Shares of NYSE:HD opened at $414.25 on Tuesday. The stock has a market cap of $411.50 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business’s 50 day moving average is $406.14 and its 200 day moving average is $394.55.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.81 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HD shares. Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Bank of America raised their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.78.

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.