The Home Depot, Inc. (NYSE:HD) Shares Sold by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,433 shares of the home improvement retailer’s stock after selling 319 shares during the period. The Home Depot accounts for approximately 1.0% of Pillar Pacific Capital Management LLC’s portfolio, making the stock its 29th largest position. Pillar Pacific Capital Management LLC’s holdings in The Home Depot were worth $12,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthPLAN Partners LLC raised its holdings in shares of The Home Depot by 6.9% in the fourth quarter. WealthPLAN Partners LLC now owns 4,104 shares of the home improvement retailer’s stock valued at $1,144,000 after buying an additional 265 shares during the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of The Home Depot by 24.7% in the fourth quarter. Stanley Laman Group Ltd. now owns 7,024 shares of the home improvement retailer’s stock valued at $1,866,000 after buying an additional 1,392 shares during the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of The Home Depot by 2.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 2,711 shares of the home improvement retailer’s stock valued at $720,000 after buying an additional 60 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of The Home Depot by 0.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 19,746 shares of the home improvement retailer’s stock valued at $5,245,000 after buying an additional 81 shares during the last quarter. Finally, Parisi Gray Wealth Management raised its holdings in shares of The Home Depot by 1.9% in the fourth quarter. Parisi Gray Wealth Management now owns 11,801 shares of the home improvement retailer’s stock valued at $3,135,000 after buying an additional 222 shares during the last quarter. Institutional investors own 68.71% of the company’s stock.

HD has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, December 4th. Telsey Advisory Group raised shares of The Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $300.00 to $315.00 in a report on Monday, November 16th. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target for the company in a report on Thursday, November 12th. Wedbush cut shares of The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Finally, Piper Sandler increased their price target on shares of The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and a consensus price target of $293.25.

Shares of NYSE:HD traded down $9.62 during trading on Tuesday, reaching $266.23. The company had a trading volume of 456,701 shares, compared to its average volume of 3,636,138. The firm’s fifty day moving average is $275.56 and its 200 day moving average is $275.77. The firm has a market capitalization of $286.62 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a twelve month low of $140.63 and a twelve month high of $292.95. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th will be paid a $1.65 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.48%. The Home Depot’s dividend payout ratio is currently 58.54%.

About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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