Second Line Capital LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Second Line Capital LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,632 shares of the home improvement retailer’s stock after purchasing an additional 97 shares during the period. Second Line Capital LLC’s holdings in Home Depot were worth $1,877,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HD. Lantz Financial LLC boosted its stake in Home Depot by 1.5% during the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after buying an additional 89 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Home Depot by 10.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,595 shares of the home improvement retailer’s stock worth $1,237,000 after acquiring an additional 333 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in shares of Home Depot by 2.4% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 3,374 shares of the home improvement retailer’s stock worth $1,162,000 after purchasing an additional 78 shares during the period. Corundum Group Inc. increased its holdings in Home Depot by 5.2% in the 2nd quarter. Corundum Group Inc. now owns 5,516 shares of the home improvement retailer’s stock valued at $1,899,000 after purchasing an additional 273 shares during the last quarter. Finally, Brookmont Capital Management raised its position in Home Depot by 0.3% in the second quarter. Brookmont Capital Management now owns 164,554 shares of the home improvement retailer’s stock valued at $56,646,000 after purchasing an additional 464 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial increased their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling at Home Depot

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

Home Depot Trading Down 1.5 %

NYSE:HD opened at $422.57 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock’s 50 day moving average price is $411.09 and its 200 day moving average price is $376.09. The company has a market capitalization of $419.76 billion, a PE ratio of 28.71, a P/E/G ratio of 2.98 and a beta of 1.03.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 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.