Encompass More Asset Management Buys 303 Shares of The Home Depot, Inc. (NYSE:HD)

Encompass More Asset Management lifted its stake in The Home Depot, Inc. (NYSE:HD) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442 shares of the home improvement retailer’s stock after acquiring an additional 303 shares during the period. Encompass More Asset Management’s holdings in Home Depot were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Impact Partnership Wealth LLC boosted 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 worth $1,692,000 after acquiring an additional 1,585 shares during the period. Southland Equity Partners LLC boosted its holdings in shares of Home Depot by 3.6% in the fourth quarter. Southland Equity Partners LLC now owns 2,249 shares of the home improvement retailer’s stock worth $875,000 after acquiring an additional 78 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in shares of Home Depot by 3.5% in the fourth quarter. St. Johns Investment Management Company LLC now owns 4,814 shares of the home improvement retailer’s stock worth $1,873,000 after acquiring an additional 161 shares during the period. Sound Income Strategies LLC boosted its stake in Home Depot by 3.5% during the fourth quarter. Sound Income Strategies LLC now owns 4,131 shares of the home improvement retailer’s stock valued at $1,607,000 after buying an additional 138 shares during the period. Finally, Rappaport Reiches Capital Management LLC boosted its stake in Home Depot by 2.7% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,208 shares of the home improvement retailer’s stock valued at $470,000 after buying an additional 32 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HD shares. DA Davidson lifted their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. 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, Truist Financial raised their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of HD opened at $414.53 on Friday. 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’s 50 day moving average price is $407.14 and its 200-day moving average price is $390.16. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $411.77 billion, a P/E ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 2.17%. Home Depot’s payout ratio is currently 61.14%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % 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 Ann Marie Campbell sold 100 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Insiders own 0.10% of the company’s stock.

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.