The Home Depot, Inc. (NYSE:HD) Stake Reduced by Eads & Heald Wealth Management

Eads & Heald Wealth Management trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,910 shares of the home improvement retailer’s stock after selling 54 shares during the quarter. Eads & Heald Wealth Management’s holdings in Home Depot were worth $1,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XML Financial LLC grew its stake in shares of Home Depot by 1.1% in the fourth quarter. XML Financial LLC now owns 7,282 shares of the home improvement retailer’s stock worth $2,833,000 after purchasing an additional 76 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Home Depot by 16.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 354,322 shares of the home improvement retailer’s stock worth $137,828,000 after purchasing an additional 48,939 shares during the period. Traphagen Investment Advisors LLC increased its stake in Home Depot by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 8,476 shares of the home improvement retailer’s stock valued at $3,297,000 after buying an additional 68 shares during the period. Simon Quick Advisors LLC raised its position in shares of Home Depot by 5.7% during the 4th quarter. Simon Quick Advisors LLC now owns 7,310 shares of the home improvement retailer’s stock worth $2,844,000 after buying an additional 392 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its stake in shares of Home Depot by 3.8% in the 4th quarter. Sheets Smith Wealth Management now owns 13,181 shares of the home improvement retailer’s stock worth $5,127,000 after acquiring an additional 481 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.1 %

HD opened at $414.46 on Friday. The company has a market capitalization of $411.71 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.41 and a beta of 1.05. The business has a 50-day moving average of $406.83 and a 200-day moving average of $389.47. 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 current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the company earned $3.81 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders 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 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s 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 of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % 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. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Bank of America raised their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Truist Financial boosted their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.