The Home Depot, Inc. (NYSE:HD) Shares Sold by LPF Advisors LLC

LPF Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 524 shares of the home improvement retailer’s stock after selling 125 shares during the quarter. LPF Advisors LLC’s holdings in Home Depot were worth $204,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in Home Depot by 11.1% during the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock worth $26,477,000 after buying an additional 7,702 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Home Depot by 8.6% in the 2nd quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock worth $84,580,000 after acquiring an additional 19,360 shares during the period. Discovery Capital Management LLC CT acquired a new position in shares of Home Depot during the second quarter worth about $5,852,000. Harmony Asset Management LLC raised its holdings in Home Depot by 5.1% during the second quarter. Harmony Asset Management LLC now owns 12,877 shares of the home improvement retailer’s stock worth $4,433,000 after purchasing an additional 626 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. boosted its holdings in Home Depot by 18.2% in the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 24,570 shares of the home improvement retailer’s stock valued at $8,458,000 after purchasing an additional 3,780 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’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 value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, 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. In the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

HD opened at $409.42 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The company’s 50-day simple moving average is $406.51 and its two-hundred day simple moving average is $388.20.

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, topping analysts’ consensus estimates of $3.64 by $0.14. The business 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.81 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 2.20%. 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.