The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Smith Salley Wealth Management

Smith Salley Wealth Management grew its holdings in The Home Depot, Inc. (NYSE:HD) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,360 shares of the home improvement retailer’s stock after purchasing an additional 1,019 shares during the period. Smith Salley Wealth Management’s holdings in Home Depot were worth $7,920,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in shares of Home Depot by 8.3% during the fourth quarter. Financial Management Professionals Inc. now owns 2,296 shares of the home improvement retailer’s stock worth $893,000 after acquiring an additional 175 shares in the last quarter. Jackson Square Capital LLC grew its position in shares of Home Depot by 13.4% in the fourth quarter. Jackson Square Capital LLC now owns 2,767 shares of the home improvement retailer’s stock valued at $1,077,000 after purchasing an additional 326 shares during the last quarter. TruWealth Advisors LLC grew its position in shares of Home Depot by 3.1% in the fourth quarter. TruWealth Advisors LLC now owns 6,724 shares of the home improvement retailer’s stock valued at $2,616,000 after purchasing an additional 204 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Home Depot by 10.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,802 shares of the home improvement retailer’s stock valued at $6,147,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in Home Depot by 1.1% during the fourth quarter. Trust Co. of Vermont now owns 56,071 shares of the home improvement retailer’s stock worth $21,811,000 after buying an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of NYSE:HD opened at $409.42 on Monday. The company’s 50-day moving average price is $406.51 and its two-hundred day moving average price is $387.81. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $406.70 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. 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 2.20%. Home Depot’s payout ratio is 61.14%.

Analyst Ratings Changes

A number of brokerages have commented on HD. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Telsey Advisory Group upgraded 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 research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

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.