CX Institutional Reduces Position in The Home Depot, Inc. (NYSE:HD)

CX Institutional trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,005 shares of the home improvement retailer’s stock after selling 1,712 shares during the quarter. CX Institutional’s holdings in Home Depot were worth $12,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Beaird Harris Wealth Management LLC raised its position in Home Depot by 2.2% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,794 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 38 shares in the last quarter. Alethea Capital Management LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $396,000. Raab & Moskowitz Asset Management LLC boosted its stake in shares of Home Depot by 6.6% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 9,403 shares of the home improvement retailer’s stock valued at $3,237,000 after purchasing an additional 583 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after buying an additional 5,879 shares during the period. Finally, Kathmere Capital Management LLC raised its stake in Home Depot by 18.3% in the second quarter. Kathmere Capital Management LLC now owns 7,675 shares of the home improvement retailer’s stock worth $2,642,000 after buying an additional 1,188 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HD shares. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial lifted their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were 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 owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.0 %

NYSE HD opened at $414.53 on Friday. The company has a fifty day moving average of $407.14 and a 200 day moving average of $390.16. The company has a market capitalization of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. 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 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results 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. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.81 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 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.