By otakuyassine3@gmail.com 
Liberty Capital Management Inc. boosted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,975 shares of the home improvement retailer’s stock after acquiring an additional 38 shares during the quarter. Home Depot accounts for about 2.0% of Liberty Capital Management Inc.’s holdings, making the stock its 11th biggest holding. Liberty Capital Management Inc.’s holdings in Home Depot were worth $8,937,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in shares of Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp boosted its holdings in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares in the last quarter. Wealth Group Ltd. purchased a new position in Home Depot in the third quarter valued at approximately $217,000. Redhawk Wealth Advisors Inc. raised its holdings in Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares in the last quarter. Finally, High Net Worth Advisory Group LLC lifted its position in shares of Home Depot by 0.3% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 9,884 shares of the home improvement retailer’s stock worth $4,005,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Insider Buying and Selling at Home Depot
In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by insiders.
Analysts Set New Price Targets
HD has been the topic of a number of recent analyst reports. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $428.78.
View Our Latest Research Report on Home Depot
Home Depot Price Performance
Home Depot stock opened at $414.25 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a market cap of $411.50 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The business has a fifty day moving average of $406.14 and a two-hundred day moving average of $394.55.
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.
About Home Depot
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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