Silicon Valley Capital Partners Purchases 708 Shares of The Home Depot, Inc. (NYSE:HD)

Silicon Valley Capital Partners grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,718 shares of the home improvement retailer’s stock after buying an additional 708 shares during the quarter. Silicon Valley Capital Partners’ holdings in Home Depot were worth $9,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth about $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $154,000. Ferguson Wellman Capital Management Inc. grew its stake in shares of Home Depot by 0.3% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 266,268 shares of the home improvement retailer’s stock valued at $103,575,000 after purchasing an additional 886 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of Home Depot by 4.8% during the fourth quarter. Wagner Wealth Management LLC now owns 3,959 shares of the home improvement retailer’s stock valued at $1,540,000 after purchasing an additional 180 shares during the last quarter. Finally, Canvas Wealth Advisors LLC grew its stake in shares of Home Depot by 7.1% during the fourth quarter. Canvas Wealth Advisors LLC now owns 2,101 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 139 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HD shares. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen increased their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.78.

Home Depot Trading Up 1.7 %

Shares of NYSE:HD opened at $414.25 on Tuesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company’s fifty day simple moving average is $406.14 and its 200 day simple moving average is $394.55. The firm has a market cap of $411.50 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the business earned $3.81 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s payout ratio is currently 61.14%.

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.