By otakuyassine3@gmail.com 
Signet Financial Management LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,232 shares of the home improvement retailer’s stock after selling 346 shares during the quarter. Signet Financial Management LLC’s holdings in Home Depot were worth $2,813,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. PFW Advisors LLC purchased a new position in Home Depot in the fourth quarter worth $3,133,000. Marion Wealth Management boosted its position in shares of Home Depot by 1.1% in the 4th quarter. Marion Wealth Management now owns 6,505 shares of the home improvement retailer’s stock worth $2,530,000 after purchasing an additional 68 shares in the last quarter. Parisi Gray Wealth Management grew its stake in Home Depot by 1.1% during the 4th quarter. Parisi Gray Wealth Management now owns 12,296 shares of the home improvement retailer’s stock worth $4,783,000 after buying an additional 134 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Home Depot by 2.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,347 shares of the home improvement retailer’s stock valued at $913,000 after buying an additional 67 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in Home Depot by 89.4% in the fourth quarter. Miracle Mile Advisors LLC now owns 41,181 shares of the home improvement retailer’s stock valued at $16,019,000 after buying an additional 19,441 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Insider Buying and Selling
In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred 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 of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the 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 transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Finally, Evercore ISI raised their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.
Check Out Our Latest Analysis on Home Depot
Home Depot Stock Performance
NYSE HD opened at $389.65 on Tuesday. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a 50-day moving average of $406.03 and a 200 day moving average of $386.31. The stock has a market capitalization of $387.06 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 2.90 and a beta of 1.05.
Home Depot (NYSE:HD – Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s dividend payout ratio is currently 61.14%.
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.
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