CJM Wealth Advisers Ltd. Buys 74 Shares of The Home Depot, Inc. (NYSE:HD)

CJM Wealth Advisers Ltd. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,605 shares of the home improvement retailer’s stock after buying an additional 74 shares during the quarter. CJM Wealth Advisers Ltd.’s holdings in Home Depot were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HD. Fortitude Family Office LLC grew its holdings in shares of Home Depot by 40.6% during the 4th quarter. Fortitude Family Office LLC now owns 7,814 shares of the home improvement retailer’s stock worth $3,040,000 after acquiring an additional 2,257 shares during the period. Wealth Group Ltd boosted its position in shares of Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Farmers Trust Co. grew its stake in Home Depot by 0.7% in the fourth quarter. Farmers Trust Co. now owns 8,530 shares of the home improvement retailer’s stock worth $3,318,000 after purchasing an additional 60 shares during the period. Private Client Services LLC raised its holdings in Home Depot by 9.7% in the fourth quarter. Private Client Services LLC now owns 783 shares of the home improvement retailer’s stock worth $305,000 after purchasing an additional 69 shares in the last quarter. Finally, Northcape Capital Pty Ltd raised its holdings in Home Depot by 14.9% in the fourth quarter. Northcape Capital Pty Ltd now owns 1,879 shares of the home improvement retailer’s stock worth $731,000 after purchasing an additional 244 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Guggenheim upped their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer lifted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Piper Sandler upped their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.7 %

HD stock opened at $386.89 on Friday. The business’s 50-day moving average is $406.19 and its two-hundred day moving average is $385.06. The company has a market cap of $384.32 billion, a price-to-earnings ratio of 26.28, 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 debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for 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 business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.81 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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.