The Home Depot, Inc. (NYSE:HD) Shares Acquired by Udine Wealth Management Inc.

Udine Wealth Management Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,520 shares of the home improvement retailer’s stock after buying an additional 104 shares during the period. Home Depot makes up approximately 1.4% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Udine Wealth Management Inc.’s holdings in Home Depot were worth $2,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HD. Pacer Advisors Inc. lifted its stake in Home Depot by 11.1% during the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock valued at $26,477,000 after acquiring an additional 7,702 shares during the period. Sei Investments Co. raised its holdings in shares of Home Depot by 4.0% during the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock worth $82,293,000 after purchasing an additional 9,131 shares during the last quarter. ProShare Advisors LLC lifted its position in Home Depot by 8.6% during the second quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock valued at $84,580,000 after purchasing an additional 19,360 shares during the period. Prospector Partners LLC boosted its holdings in Home Depot by 0.7% in the second quarter. Prospector Partners LLC now owns 32,369 shares of the home improvement retailer’s stock valued at $11,143,000 after purchasing an additional 240 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in Home Depot by 16,788.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,004 shares of the home improvement retailer’s stock worth $4,476,000 after purchasing an additional 12,927 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.0 %

HD stock opened at $409.42 on Monday. The company has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The firm has a 50-day moving average of $406.51 and a two-hundred day moving average of $387.81. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. Oppenheimer increased their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’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 transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’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 value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % 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 valued at $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

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.