Geneos Wealth Management Inc. Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Geneos Wealth Management Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,990 shares of the home improvement retailer’s stock after buying an additional 164 shares during the period. Geneos Wealth Management Inc.’s holdings in Home Depot were worth $8,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Fifth Third Bancorp boosted its stake in Home Depot by 0.3% during the fourth quarter. Fifth Third Bancorp now owns 950,990 shares of the home improvement retailer’s stock worth $369,926,000 after acquiring an additional 2,696 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Home Depot by 5.3% during the fourth quarter. DGS Capital Management LLC now owns 2,414 shares of the home improvement retailer’s stock valued at $939,000 after purchasing an additional 121 shares during the last quarter. Bennett Selby Investments LP boosted its position in shares of Home Depot by 4.2% in the 4th quarter. Bennett Selby Investments LP now owns 2,104 shares of the home improvement retailer’s stock worth $819,000 after purchasing an additional 84 shares in the last quarter. Firethorn Wealth Partners LLC grew its stake in shares of Home Depot by 1.5% in the 4th quarter. Firethorn Wealth Partners LLC now owns 1,757 shares of the home improvement retailer’s stock worth $683,000 after buying an additional 26 shares during the last quarter. Finally, AM Investment Strategies LLC increased its position in Home Depot by 74.3% during the 4th quarter. AM Investment Strategies LLC now owns 5,708 shares of the home improvement retailer’s stock valued at $2,220,000 after buying an additional 2,433 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho increased their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

HD opened at $414.53 on Monday. The company has a 50 day simple moving average of $407.14 and a two-hundred day simple moving average of $390.53. 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 P/E ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-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 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the company earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm 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 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In other news, 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 value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction 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 ownership of the stock. 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. Corporate 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.