Whitener Capital Management Inc. Has $4.29 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Whitener Capital Management Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,039 shares of the home improvement retailer’s stock after selling 54 shares during the quarter. Home Depot comprises approximately 1.2% of Whitener Capital Management Inc.’s holdings, making the stock its 20th largest holding. Whitener Capital Management Inc.’s holdings in Home Depot were worth $4,294,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sax Wealth Advisors LLC increased its stake in Home Depot by 14.3% during the fourth quarter. Sax Wealth Advisors LLC now owns 2,239 shares of the home improvement retailer’s stock valued at $871,000 after acquiring an additional 280 shares during the period. Merit Financial Group LLC grew its holdings in shares of Home Depot by 22.3% during the 4th quarter. Merit Financial Group LLC now owns 47,666 shares of the home improvement retailer’s stock worth $18,542,000 after purchasing an additional 8,681 shares in the last quarter. Grant GrossMendelsohn LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $205,000. Wedge Capital Management L L P NC acquired a new position in shares of Home Depot in the fourth quarter valued at $634,000. Finally, Walker Asset Management LLC lifted its position in Home Depot by 1.0% in the fourth quarter. Walker Asset Management LLC now owns 3,208 shares of the home improvement retailer’s stock worth $1,248,000 after purchasing an additional 31 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HD shares. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. One 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. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value 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. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of NYSE HD opened at $409.42 on Friday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company’s 50 day simple moving average is $406.51 and its 200 day simple moving average is $387.45.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 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.