Rappaport Reiches Capital Management LLC Buys 32 Shares of The Home Depot, Inc. (NYSE:HD)

Rappaport Reiches Capital Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,208 shares of the home improvement retailer’s stock after acquiring an additional 32 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Home Depot were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RFG Advisory LLC boosted its position in shares of Home Depot by 2.2% in the fourth quarter. RFG Advisory LLC now owns 29,092 shares of the home improvement retailer’s stock valued at $11,317,000 after acquiring an additional 634 shares during the period. Motive Wealth Advisors boosted its holdings in Home Depot by 15.0% in the 4th quarter. Motive Wealth Advisors now owns 974 shares of the home improvement retailer’s stock valued at $379,000 after purchasing an additional 127 shares during the period. MFA Wealth Services acquired a new position in shares of Home Depot during the 4th quarter worth approximately $788,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Home Depot by 63.6% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 40,397 shares of the home improvement retailer’s stock worth $15,732,000 after purchasing an additional 15,705 shares during the period. Finally, One Wealth Management Investment & Advisory Services LLC raised its position in shares of Home Depot by 11.9% in the fourth quarter. One Wealth Management Investment & Advisory Services LLC now owns 867 shares of the home improvement retailer’s stock valued at $337,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

Shares of HD opened at $414.53 on Friday. The stock’s 50-day moving average price is $407.14 and its two-hundred day moving average price is $390.16. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $411.77 billion, a PE ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HDGet Free Report) last announced 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. 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 is presently 61.14%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Get Our Latest Research Report on Home Depot

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business’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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on 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 directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. Company insiders own 0.10% of the company’s stock.

About Home Depot

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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