Mogy Joel R Investment Counsel Inc. Purchases 690 Shares of The Home Depot, Inc. (NYSE:HD)

Mogy Joel R Investment Counsel Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 106,187 shares of the home improvement retailer’s stock after buying an additional 690 shares during the period. Home Depot accounts for approximately 2.5% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 14th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Home Depot were worth $41,306,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Semmax Financial Advisors Inc. raised its position in shares of Home Depot by 111.3% during the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer’s stock worth $53,000 after acquiring an additional 79 shares during the last quarter. Fred Alger Management LLC raised its holdings in Home Depot by 5.5% during the 2nd quarter. Fred Alger Management LLC now owns 39,994 shares of the home improvement retailer’s stock worth $13,768,000 after purchasing an additional 2,079 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Home Depot during the 2nd quarter worth approximately $2,345,000. Trinity Legacy Partners LLC lifted its position in shares of Home Depot by 2.9% in the 2nd quarter. Trinity Legacy Partners LLC now owns 14,028 shares of the home improvement retailer’s stock worth $4,829,000 after purchasing an additional 400 shares during the period. Finally, NBW Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $267,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction 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 owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $410.14 on Thursday. 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 company has a market capitalization of $407.42 billion, a PE ratio of 27.86, a PEG ratio of 4.31 and a beta of 1.05. The stock’s 50 day moving average price is $406.84 and its 200-day moving average price is $389.32. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 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.