Investment House LLC Sells 4,623 Shares of The Home Depot, Inc. (NYSE:HD)

Investment House LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,564 shares of the home improvement retailer’s stock after selling 4,623 shares during the period. Investment House LLC’s holdings in Home Depot were worth $5,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in 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 worth $1,930,104,000 after purchasing an additional 5,525,791 shares during the last quarter. Jennison Associates LLC raised its stake 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 valued at $1,506,659,000 after acquiring an additional 1,207,388 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Home Depot during the third quarter valued at about $207,210,000. Envestnet Asset Management Inc. raised its stake in shares of Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after acquiring an additional 421,619 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Home Depot by 11.3% during 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 buying an additional 346,641 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction 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 owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. Bank of America increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Citigroup increased their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, The Goldman Sachs Group increased their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Trading Up 0.3 %

HD stock traded up $0.86 during mid-day trading on Monday, reaching $335.95. 1,046,861 shares of the stock traded hands, compared to its average volume of 3,326,360. 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a market cap of $332.93 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.23 and a beta of 0.98. The stock’s fifty day moving average is $364.77 and its 200-day moving average is $341.27.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 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.