Eclectic Associates Inc. ADV Acquires 53 Shares of The Home Depot, Inc. (NYSE:HD)

Eclectic Associates Inc. ADV lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,456 shares of the home improvement retailer’s stock after purchasing an additional 53 shares during the quarter. Home Depot comprises about 1.4% of Eclectic Associates Inc. ADV’s holdings, making the stock its 15th biggest holding. Eclectic Associates Inc. ADV’s holdings in Home Depot were worth $4,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Benin Management CORP increased its position in Home Depot by 6.8% in the 4th quarter. Benin Management CORP now owns 1,571 shares of the home improvement retailer’s stock valued at $611,000 after acquiring an additional 100 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $4,344,000. Encompass More Asset Management grew its stake in shares of Home Depot by 26.6% during the fourth quarter. Encompass More Asset Management now owns 1,442 shares of the home improvement retailer’s stock valued at $561,000 after purchasing an additional 303 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in shares of Home Depot by 57.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 4,349 shares of the home improvement retailer’s stock valued at $1,692,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Southland Equity Partners LLC raised its position in Home Depot by 3.6% in the 4th quarter. Southland Equity Partners LLC now owns 2,249 shares of the home improvement retailer’s stock worth $875,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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 news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $414.53 on Monday. 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 firm has a market cap of $411.77 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The stock’s 50-day moving average is $407.14 and its 200-day moving average is $390.53. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 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.