The Home Depot, Inc. (NYSE:HD) Shares Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,473 shares of the home improvement retailer’s stock after purchasing an additional 65 shares during the quarter. Home Depot accounts for 2.1% of Counterweight Ventures LLC’s portfolio, making the stock its 19th largest position. Counterweight Ventures LLC’s holdings in Home Depot were worth $2,907,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its position in shares of Home Depot by 6.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 67,459 shares of the home improvement retailer’s stock valued at $26,241,000 after acquiring an additional 4,135 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Home Depot by 24.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 79,919 shares of the home improvement retailer’s stock valued at $31,088,000 after purchasing an additional 15,940 shares during the period. Chronos Wealth Management LLC increased its stake in Home Depot by 0.9% in the 4th quarter. Chronos Wealth Management LLC now owns 20,342 shares of the home improvement retailer’s stock worth $7,913,000 after purchasing an additional 172 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Home Depot by 14.2% during the 4th quarter. Apollon Wealth Management LLC now owns 65,073 shares of the home improvement retailer’s stock worth $25,313,000 after buying an additional 8,090 shares during the period. Finally, Apollon Financial LLC purchased a new stake in Home Depot during the fourth quarter valued at about $372,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Price Performance

NYSE HD opened at $407.39 on Monday. The stock has a market capitalization of $404.68 billion, a PE ratio of 27.68, a P/E/G ratio of 4.22 and a beta of 1.05. The stock has a 50-day simple moving average of $406.14 and a 200 day simple moving average of $394.24. 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 twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the business earned $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current 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 dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s payout ratio is 61.14%.

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.