The Home Depot, Inc. (NYSE:HD) Shares Sold by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp lowered its position in The Home Depot, Inc. (NYSE:HD) by 14.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,419 shares of the home improvement retailer’s stock after selling 562 shares during the period. Consolidated Portfolio Review Corp’s holdings in Home Depot were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HD. BCK Partners Inc. purchased a new position in shares of Home Depot in the 1st quarter valued at approximately $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth $27,000. Ergoteles LLC purchased a new position in Home Depot in the 1st quarter valued at $1,554,000. Equitable Holdings Inc. raised its position in Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after buying an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after buying an additional 24,640 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. The Goldman Sachs Group lifted their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird reissued an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Finally, TD Cowen upped their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $376.35.

Home Depot Stock Down 1.3 %

Shares of Home Depot stock opened at $342.87 on Monday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market capitalization of $339.79 billion, a P/E ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a 50 day moving average price of $369.91 and a two-hundred day moving average price of $338.58.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.30 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

About Home Depot

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.