The Home Depot, Inc. (NYSE:HD) Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,450 shares of the home improvement retailer’s stock after selling 95 shares during the period. Home Depot accounts for about 2.9% of NovaPoint Capital LLC’s holdings, making the stock its 7th biggest position. NovaPoint Capital LLC’s holdings in Home Depot were worth $7,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Congress Wealth Management LLC DE raised its stake in shares of Home Depot by 3.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after purchasing an additional 3,162 shares in the last quarter. Psagot Value Holdings Ltd. Israel raised its holdings in Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares during the period. Industrial Alliance Investment Management Inc. raised its position in Home Depot by 119.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock valued at $890,000 after buying an additional 1,605 shares during the period. Cape Cod Five Cents Savings Bank lifted its position in shares of Home Depot by 96.3% in the third quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock worth $22,056,000 after purchasing an additional 35,805 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Home Depot by 6.4% in the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after acquiring an additional 92,354 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE HD opened at $390.28 on Monday. 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 firm has a market capitalization of $386.78 billion, a P/E ratio of 25.85, a PEG ratio of 2.58 and a beta of 0.99. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a 50-day moving average price of $366.87 and a 200-day moving average price of $333.43.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data 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 during 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 1,452.22%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Telsey Advisory Group boosted their target price on Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. The Goldman Sachs Group raised their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Citigroup increased their price objective on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Wedbush reaffirmed an “outperform” rating and issued a $380.00 price objective on shares of Home Depot in a research note on Wednesday, February 21st. Finally, Truist Financial decreased their target price on Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $366.76.

View Our Latest Research Report on HD

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

About Home Depot

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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