Carnegie Capital Asset Management LLC Has $16.87 Million Position in The Home Depot, Inc. (NYSE:HD)

Carnegie Capital Asset Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,688 shares of the home improvement retailer’s stock after buying an additional 152 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Home Depot were worth $16,873,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at $28,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’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 transaction of $13,265,887.81. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

NYSE:HD opened at $337.93 on Tuesday. The firm has a market cap of $334.90 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 company’s 50-day moving average price is $369.56 and its two-hundred day moving average price is $338.82.

Home Depot (NYSE:HD) last announced its 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. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the business earned $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate 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. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Ratings Changes

Several research firms recently issued reports on HD. Citigroup lifted their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Telsey Advisory Group boosted their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. Royal Bank of Canada boosted their target price on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

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.