Certified Advisory Corp Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Certified Advisory Corp cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,045 shares of the home improvement retailer’s stock after selling 77 shares during the period. Certified Advisory Corp’s holdings in Home Depot were worth $4,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waddell & Associates LLC boosted its holdings in shares of Home Depot by 1.3% during the 3rd quarter. Waddell & Associates LLC now owns 5,103 shares of the home improvement retailer’s stock valued at $2,068,000 after purchasing an additional 66 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Home Depot by 4.6% in the third quarter. Nicolet Advisory Services LLC now owns 18,242 shares of the home improvement retailer’s stock worth $7,508,000 after buying an additional 799 shares in the last quarter. GenTrust LLC boosted its stake in Home Depot by 26.0% during the third quarter. GenTrust LLC now owns 955 shares of the home improvement retailer’s stock valued at $387,000 after buying an additional 197 shares during the last quarter. Nwam LLC grew its holdings in Home Depot by 16.1% during the 3rd quarter. Nwam LLC now owns 7,423 shares of the home improvement retailer’s stock valued at $3,008,000 after buying an additional 1,031 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in Home Depot in the 3rd quarter worth approximately $14,175,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on 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 owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction 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 the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. 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. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HD shares. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler boosted 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. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

HD stock opened at $420.01 on Friday. The Home Depot, Inc. has a 1-year low of $308.31 and a 1-year high of $421.56. The business has a 50-day moving average price of $403.23 and a 200 day moving average price of $368.84. The company has a market capitalization of $417.22 billion, a P/E ratio of 28.53, a PEG ratio of 2.85 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 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 business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.