First Dallas Securities Inc. Sells 1,166 Shares of The Home Depot, Inc. (NYSE:HD)

First Dallas Securities Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,552 shares of the home improvement retailer’s stock after selling 1,166 shares during the period. Home Depot accounts for approximately 1.3% of First Dallas Securities Inc.’s portfolio, making the stock its 21st largest holding. First Dallas Securities Inc.’s holdings in Home Depot were worth $3,060,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter valued at $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter valued at $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Evercore ISI boosted their price target 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. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

Shares of Home Depot stock opened at $429.37 on Tuesday. The firm has a market cap of $426.52 billion, a PE ratio of 29.17, a PEG ratio of 3.00 and a beta of 1.03. The stock has a 50 day moving average of $411.09 and a 200 day moving average of $376.09. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the firm posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last 90 days. Insiders own 0.10% of the company’s stock.

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.