Campbell Newman Asset Management Inc. Sells 3,870 Shares of The Home Depot, Inc. (NYSE:HD)

Campbell Newman Asset Management Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,629 shares of the home improvement retailer’s stock after selling 3,870 shares during the period. Home Depot accounts for 1.9% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 22nd biggest holding. Campbell Newman Asset Management Inc.’s holdings in Home Depot were worth $23,973,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Sienna Gestion grew its holdings in Home Depot by 0.5% during the 2nd quarter. Sienna Gestion now owns 55,761 shares of the home improvement retailer’s stock valued at $19,186,000 after buying an additional 255 shares in the last quarter. Miramar Capital LLC grew its holdings in shares of Home Depot by 0.4% in the second quarter. Miramar Capital LLC now owns 42,137 shares of the home improvement retailer’s stock valued at $14,505,000 after purchasing an additional 152 shares in the last quarter. AllGen Financial Advisors Inc. increased its position in Home Depot by 64.2% in the second quarter. AllGen Financial Advisors Inc. now owns 2,301 shares of the home improvement retailer’s stock worth $792,000 after purchasing an additional 900 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in Home Depot during the second quarter valued at $3,858,000. Finally, Concorde Asset Management LLC lifted its position in Home Depot by 2.8% during the second quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock valued at $464,000 after purchasing an additional 37 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.8 %

NYSE:HD opened at $409.21 on Friday. 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 company has a 50-day moving average of $406.24 and a 200 day moving average of $386.78. The firm has a market cap of $406.50 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on HD shares. Piper Sandler upped their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. TD Cowen upped their price objective 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 lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target 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.