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

Aaron Wealth Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,839 shares of the home improvement retailer’s stock after selling 155 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Home Depot were worth $2,024,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HD. Morgan Stanley raised its stake in Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after purchasing an additional 1,698,402 shares during the last quarter. Northern Trust Corp raised its stake in Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after purchasing an additional 153,141 shares during the last quarter. Norges Bank purchased a new stake in Home Depot in the 4th quarter valued at $3,740,875,000. Moneta Group Investment Advisors LLC grew its holdings in Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HD. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Wedbush increased their price target on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

Home Depot Price Performance

Shares of NYSE HD opened at $342.87 on Friday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $339.79 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98. The stock’s 50-day simple moving average is $369.91 and its 200-day simple moving average is $338.08.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is 59.60%.

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.