The Home Depot, Inc. (NYSE:HD) Stake Lowered by ORG Wealth Partners LLC

ORG Wealth Partners LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC bought a new stake in shares of Home Depot in the 2nd quarter worth $461,000. Linscomb Wealth Inc. boosted its position in shares of Home Depot by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer’s stock valued at $2,267,000 after purchasing an additional 90 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Home Depot by 9.8% in the 2nd quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer’s stock worth $319,662,000 after purchasing an additional 82,740 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Home Depot by 18.0% during the second quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer’s stock valued at $335,000 after purchasing an additional 149 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its position in shares of Home Depot by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer’s stock valued at $43,065,000 after acquiring an additional 3,429 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction 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 approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of HD traded up $3.48 during trading hours on Friday, hitting $390.68. The stock had a trading volume of 2,568,763 shares, compared to its average volume of 2,580,494. The stock has a market capitalization of $388.09 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 2.90 and a beta of 1.05. The company’s fifty day moving average is $406.19 and its two-hundred day moving average is $385.06. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping 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 firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HD shares. Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.