Encompass More Asset Management Has $561,000 Position in The Home Depot, Inc. (NYSE:HD)

Encompass More Asset Management boosted its position in The Home Depot, Inc. (NYSE:HD) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,442 shares of the home improvement retailer’s stock after purchasing 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 quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Impact Partnership Wealth LLC grew its position in shares of Home Depot by 57.3% in the 4th quarter. Impact Partnership Wealth LLC now owns 4,349 shares of the home improvement retailer’s stock valued at $1,692,000 after buying an additional 1,585 shares during the last quarter. Southland Equity Partners LLC grew its position in shares of Home Depot by 3.6% in the 4th quarter. Southland Equity Partners LLC now owns 2,249 shares of the home improvement retailer’s stock valued at $875,000 after buying an additional 78 shares during the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Home Depot by 3.5% in the 4th quarter. St. Johns Investment Management Company LLC now owns 4,814 shares of the home improvement retailer’s stock valued at $1,873,000 after buying an additional 161 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Home Depot by 3.5% in the 4th 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 last quarter. Finally, Rappaport Reiches Capital Management LLC grew its position in shares of Home Depot by 2.7% in the 4th 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 last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the 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 directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on HD. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of Home Depot stock 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 company has a market cap of $411.77 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The business has a 50 day moving average price of $407.14 and a 200-day moving average price of $390.16. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $3.81 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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.