Long Run Wealth Advisors LLC Sells 61 Shares of The Home Depot, Inc. (NYSE:HD)

Long Run Wealth Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 6.7% during the 4th quarter, Holdings Channel reports. The fund owned 856 shares of the home improvement retailer’s stock after selling 61 shares during the period. Long Run Wealth Advisors LLC’s holdings in Home Depot were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $41,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth $46,000. Finally, Finley Financial LLC bought a new stake in Home Depot in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

Shares of Home Depot stock opened at $407.39 on Friday. The firm has a market cap of $404.68 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company’s fifty day simple moving average is $406.58 and its two-hundred day simple moving average is $393.70. 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 Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly 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 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 previous year, the business earned $3.81 EPS. Home Depot’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Activity at Home Depot

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 stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 0.10% of the company’s stock.

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.