The Home Depot, Inc. (NYSE:HD) Shares Sold by Rise Advisors LLC

Rise Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,094 shares of the home improvement retailer’s stock after selling 153 shares during the quarter. Rise Advisors LLC’s holdings in Home Depot were worth $426,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Spartan Planning & Wealth Management acquired a new position in Home Depot in the 4th quarter valued at about $790,000. Diversified Trust Co raised its position in shares of Home Depot by 21.5% during the 4th quarter. Diversified Trust Co now owns 47,804 shares of the home improvement retailer’s stock valued at $18,596,000 after buying an additional 8,464 shares during the period. Bangor Savings Bank lifted its holdings in Home Depot by 0.8% in the fourth quarter. Bangor Savings Bank now owns 3,609 shares of the home improvement retailer’s stock valued at $1,404,000 after acquiring an additional 30 shares during the last quarter. Canandaigua National Trust Co of Florida grew its position in Home Depot by 12.2% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,436 shares of the home improvement retailer’s stock worth $948,000 after acquiring an additional 265 shares during the period. Finally, Fortem Financial Group LLC increased its stake in Home Depot by 1.8% during the fourth quarter. Fortem Financial Group LLC now owns 1,652 shares of the home improvement retailer’s stock worth $643,000 after acquiring an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 1.0 %

HD traded down $3.82 on Tuesday, reaching $385.55. The company’s stock had a trading volume of 979,174 shares, compared to its average volume of 2,218,849. The company has a market capitalization of $382.99 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week 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 stock has a 50 day moving average of $406.66 and a two-hundred day moving average of $384.83.

Home Depot (NYSE:HD) last issued its 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. The business 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 company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.81 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 2.33%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by insiders.

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.