Pacer Advisors Inc. Grows Position in The Home Depot, Inc. (NYSE:HD)

Pacer Advisors Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 9.2% in the fourth quarter, Holdings Channel reports. The fund owned 80,292 shares of the home improvement retailer’s stock after buying an additional 6,752 shares during the period. Pacer Advisors Inc.’s holdings in Home Depot were worth $31,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the third quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 2nd quarter valued at $47,000. Finally, Quarry LP raised its stake in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 1.4 %

Shares of HD opened at $418.83 on Wednesday. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market cap of $416.04 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The firm has a 50 day simple moving average of $407.42 and a 200-day simple moving average of $391.36.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.15%. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot 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.