The Home Depot, Inc. (NYSE:HD) Holdings Lessened by HB Wealth Management LLC

HB Wealth Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 670,409 shares of the home improvement retailer’s stock after selling 14,015 shares during the period. Home Depot accounts for 2.7% of HB Wealth Management LLC’s portfolio, making the stock its 8th largest holding. HB Wealth Management LLC owned 0.07% of Home Depot worth $260,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Pacer Advisors Inc. increased its stake in shares of Home Depot by 11.1% in the second quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock worth $26,477,000 after purchasing an additional 7,702 shares in the last quarter. Sei Investments Co. boosted its holdings in Home Depot by 4.0% in the 2nd quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock worth $82,293,000 after buying an additional 9,131 shares during the period. ProShare Advisors LLC increased its stake in Home Depot by 8.6% in the 2nd quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock worth $84,580,000 after buying an additional 19,360 shares in the last quarter. Prospector Partners LLC raised its holdings in Home Depot by 0.7% during the second quarter. Prospector Partners LLC now owns 32,369 shares of the home improvement retailer’s stock valued at $11,143,000 after acquiring an additional 240 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Home Depot by 16,788.3% in the second quarter. Frank Rimerman Advisors LLC now owns 13,004 shares of the home improvement retailer’s stock valued at $4,476,000 after acquiring an additional 12,927 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

NYSE:HD opened at $409.42 on Monday. The company has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 stock has a fifty day simple moving average of $406.51 and a 200-day simple moving average of $387.81.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s payout ratio is currently 61.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on HD. Bank of America increased 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. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Truist Financial boosted their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.