Heritage Wealth Partners LLC Buys 29 Shares of The Home Depot, Inc. (NYSE:HD)

Heritage Wealth Partners LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 725 shares of the home improvement retailer’s stock after acquiring an additional 29 shares during the period. Heritage Wealth Partners LLC’s holdings in Home Depot were worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Persium Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $2,477,000. Abound Wealth Management grew its stake in Home Depot by 10.4% in the fourth quarter. Abound Wealth Management now owns 617 shares of the home improvement retailer’s stock worth $240,000 after purchasing an additional 58 shares during the period. JCIC Asset Management Inc. raised its holdings in Home Depot by 1.6% in the fourth quarter. JCIC Asset Management Inc. now owns 14,874 shares of the home improvement retailer’s stock worth $5,786,000 after purchasing an additional 240 shares in the last quarter. Clean Yield Group lifted its position in Home Depot by 6.6% during the fourth quarter. Clean Yield Group now owns 4,309 shares of the home improvement retailer’s stock valued at $1,676,000 after buying an additional 266 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Home Depot by 7.0% during the 4th quarter. Cooper Financial Group now owns 8,529 shares of the home improvement retailer’s stock valued at $3,318,000 after buying an additional 559 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.1 %

Home Depot stock opened at $389.65 on Tuesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $387.06 billion, a P/E ratio of 26.47, a P/E/G ratio of 2.90 and a beta of 1.05. 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 business has a 50-day simple moving average of $406.03 and a two-hundred day simple moving average of $386.31.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (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 company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the business posted $3.81 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % 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 valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on HD shares. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Truist Financial boosted their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.