The Home Depot, Inc. (NYSE:HD) Holdings Trimmed by Acropolis Investment Management LLC

Acropolis Investment Management LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,840 shares of the home improvement retailer’s stock after selling 107 shares during the period. Acropolis Investment Management LLC’s holdings in Home Depot were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Home Depot by 29.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,991 shares of the home improvement retailer’s stock valued at $4,277,000 after purchasing an additional 2,472 shares during the period. Park Avenue Securities LLC lifted its position in shares of Home Depot by 16.4% in the fourth quarter. Park Avenue Securities LLC now owns 48,477 shares of the home improvement retailer’s stock worth $18,857,000 after buying an additional 6,827 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Home Depot by 3.3% during the 4th quarter. Kathmere Capital Management LLC now owns 8,873 shares of the home improvement retailer’s stock worth $3,452,000 after buying an additional 280 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in Home Depot by 10.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 36,395 shares of the home improvement retailer’s stock valued at $14,157,000 after buying an additional 3,515 shares during the last quarter. Finally, Floyd Financial Group LLC bought a new position in shares of Home Depot during the 4th quarter worth about $646,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, 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 sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 3.4 %

NYSE HD opened at $405.99 on Thursday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 stock’s 50 day moving average price is $405.88 and its two-hundred day moving average price is $386.65. The stock has a market capitalization of $403.30 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.81 earnings per share. As a group, analysts anticipate 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 disclosed 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 of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Piper Sandler lifted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 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 issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $426.00.

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.