The Home Depot, Inc. (NYSE:HD) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,767 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Home Depot comprises approximately 1.4% of Buckley Wealth Management LLC’s holdings, making the stock its 18th largest holding. Buckley Wealth Management LLC’s holdings in Home Depot were worth $4,078,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hill Island Financial LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $362,000. Well Done LLC grew its stake in shares of Home Depot by 3.4% during the 4th quarter. Well Done LLC now owns 2,153 shares of the home improvement retailer’s stock worth $746,000 after purchasing an additional 70 shares during the period. WASHINGTON TRUST Co increased its holdings in shares of Home Depot by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 123,767 shares of the home improvement retailer’s stock valued at $42,892,000 after purchasing an additional 2,250 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its stake in shares of Home Depot by 0.9% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 16,565 shares of the home improvement retailer’s stock valued at $5,741,000 after purchasing an additional 147 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Home Depot by 0.4% during the fourth quarter. Procyon Advisors LLC now owns 32,321 shares of the home improvement retailer’s stock worth $11,201,000 after buying an additional 139 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Guggenheim increased their price objective on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus increased their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Evercore ISI lifted their price target on shares of Home Depot from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $368.76.

Home Depot Stock Performance

HD traded down $2.07 during trading on Thursday, hitting $383.82. 2,258,129 shares of the stock were exchanged, compared to its average volume of 3,142,955. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a fifty day moving average price of $367.86 and a two-hundred day moving average price of $334.18. The firm has a market capitalization of $380.37 billion, a P/E ratio of 25.25, a PEG ratio of 2.51 and a beta of 0.99.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed 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 boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

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.