The Home Depot, Inc. (NYSE:HD) Shares Sold by Blue Fin Capital Inc.

Blue Fin Capital Inc. lowered its position in The Home Depot, Inc. (NYSE:HD) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,691 shares of the home improvement retailer’s stock after selling 502 shares during the period. Blue Fin Capital Inc.’s holdings in Home Depot were worth $3,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. International Assets Investment Management LLC lifted its position in shares of Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Home Depot in the 3rd quarter valued at approximately $207,210,000. Envestnet Asset Management Inc. increased its holdings in Home Depot by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after purchasing an additional 421,619 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after acquiring an additional 346,641 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the 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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Up 2.2 %

Shares of HD traded up $7.32 during midday 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a 50-day moving average price of $361.75 and a 200-day moving average price of $342.08. The company has a current ratio of 1.35, a quick ratio of 0.40 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.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders 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. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is presently 59.60%.

Wall Street Analyst Weigh In

Several brokerages have commented on HD. The Goldman Sachs Group increased their price target on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Bank of America lifted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Evercore ISI dropped their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

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.