ORG Wealth Partners LLC Has $360,000 Position in The Home Depot, Inc. (NYSE:HD)

ORG Wealth Partners LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 926 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. ORG Wealth Partners LLC’s holdings in Home Depot were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Street Advisors Inc. NC grew its position in Home Depot by 0.4% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 24,122 shares of the home improvement retailer’s stock valued at $9,383,000 after acquiring an additional 95 shares during the last quarter. ORG Partners LLC raised its position in Home Depot by 5.4% in the fourth quarter. ORG Partners LLC now owns 5,012 shares of the home improvement retailer’s stock valued at $1,956,000 after purchasing an additional 259 shares during the last quarter. CJM Wealth Advisers Ltd. boosted its stake in shares of Home Depot by 4.8% during the fourth quarter. CJM Wealth Advisers Ltd. now owns 1,605 shares of the home improvement retailer’s stock valued at $624,000 after purchasing an additional 74 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Home Depot by 40.6% during the fourth quarter. Fortitude Family Office LLC now owns 7,814 shares of the home improvement retailer’s stock worth $3,040,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Wealth Group Ltd raised its holdings in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after buying an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $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 valued at $15,624,585. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

HD stock traded up $3.48 during midday trading on Friday, reaching $390.68. 2,568,763 shares of the company’s stock traded hands, compared to its average volume of 2,580,494. The company has a 50-day moving average price of $406.19 and a two-hundred day moving average price of $385.06. The firm has a market capitalization of $388.09 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. 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.

Home Depot (NYSE:HD) last announced 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 period last year, the firm earned $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.30%. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Truist Financial boosted their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Company 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.