The Home Depot, Inc. (NYSE:HD) Position Boosted by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,659 shares of the home improvement retailer’s stock after acquiring an additional 99 shares during the quarter. Home Depot accounts for about 1.6% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 6th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Home Depot were worth $3,368,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ballentine Partners LLC raised its position in Home Depot by 7.5% in the fourth quarter. Ballentine Partners LLC now owns 25,743 shares of the home improvement retailer’s stock worth $10,014,000 after acquiring an additional 1,796 shares during the period. Martel Wealth Advisors Inc bought a new stake in shares of Home Depot in the 4th quarter worth approximately $1,221,000. Pure Financial Advisors LLC lifted its stake in Home Depot by 4.8% in the fourth quarter. Pure Financial Advisors LLC now owns 11,444 shares of the home improvement retailer’s stock valued at $4,452,000 after purchasing an additional 526 shares during the last quarter. Tudor Financial Inc. grew its holdings in Home Depot by 23.4% during the fourth quarter. Tudor Financial Inc. now owns 3,128 shares of the home improvement retailer’s stock valued at $1,217,000 after purchasing an additional 593 shares during the period. Finally, New Hampshire Trust increased its position in Home Depot by 0.7% in the fourth quarter. New Hampshire Trust now owns 16,440 shares of the home improvement retailer’s stock worth $6,395,000 after buying an additional 108 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research reports. Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. DA Davidson lifted 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. Wells Fargo & Company upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. One research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 2.0 %

Shares of HD opened at $410.14 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a 50 day simple moving average of $406.84 and a two-hundred day simple moving average of $389.32. The firm has a market cap of $407.42 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.31 and a beta of 1.05.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot’s dividend payout ratio is currently 61.14%.

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.