The Home Depot, Inc. (NYSE:HD) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,895 shares of the home improvement retailer’s stock after selling 105 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Home Depot were worth $11,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC grew its position in Home Depot by 80.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 33,981 shares of the home improvement retailer’s stock valued at $13,911,000 after buying an additional 15,167 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Home Depot by 7.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 709,443 shares of the home improvement retailer’s stock worth $275,966,000 after acquiring an additional 52,155 shares in the last quarter. Foster Group Inc. increased its stake in shares of Home Depot by 55.8% in the 4th quarter. Foster Group Inc. now owns 2,703 shares of the home improvement retailer’s stock valued at $1,052,000 after purchasing an additional 968 shares in the last quarter. Fulton Breakefield Broenniman LLC increased its stake in shares of Home Depot by 5.0% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 2,648 shares of the home improvement retailer’s stock valued at $1,030,000 after purchasing an additional 126 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its holdings in Home Depot by 12.6% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,208 shares of the home improvement retailer’s stock worth $470,000 after purchasing an additional 135 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Morgan Stanley upped their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Transactions 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 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 owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were 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 of the company’s stock, valued at $8,343,399.64. This trade 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 worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.3 %

Shares of NYSE:HD opened at $414.56 on Friday. The business has a 50-day moving average price of $407.93 and a 200 day moving average price of $391.93. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $411.81 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm earned $3.81 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 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.