Smith Anglin Financial LLC Sells 68 Shares of The Home Depot, Inc. (NYSE:HD)

Smith Anglin Financial LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,390 shares of the home improvement retailer’s stock after selling 68 shares during the period. Smith Anglin Financial LLC’s holdings in Home Depot were worth $930,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HD. Wiser Wealth Management Inc increased its holdings in shares of Home Depot by 2.2% during the fourth quarter. Wiser Wealth Management Inc now owns 4,415 shares of the home improvement retailer’s stock valued at $1,717,000 after acquiring an additional 93 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Home Depot by 4.5% during the fourth quarter. Apella Capital LLC now owns 5,664 shares of the home improvement retailer’s stock valued at $2,203,000 after buying an additional 246 shares during the last quarter. Founders Grove Wealth Partners LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $918,000. Moseley Investment Management Inc. raised its holdings in Home Depot by 0.7% in the 4th quarter. Moseley Investment Management Inc. now owns 12,082 shares of the home improvement retailer’s stock worth $4,700,000 after acquiring an additional 84 shares during the last quarter. Finally, M. Kraus & Co lifted its position in Home Depot by 1.9% in the 4th quarter. M. Kraus & Co now owns 2,371 shares of the home improvement retailer’s stock valued at $922,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One 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. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 3.4 %

NYSE:HD opened at $405.99 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a 50-day moving average of $405.88 and a 200 day moving average of $386.65. The firm has a market cap of $403.30 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.90 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.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’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 value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.