Greenwood Gearhart Inc. Purchases 2,993 Shares of The Home Depot, Inc. (NYSE:HD)

Greenwood Gearhart Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,580 shares of the home improvement retailer’s stock after buying an additional 2,993 shares during the quarter. Home Depot comprises about 1.2% of Greenwood Gearhart Inc.’s holdings, making the stock its 25th largest position. Greenwood Gearhart Inc.’s holdings in Home Depot were worth $14,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sender Co & Partners Inc. purchased a new position in Home Depot in the 3rd quarter valued at approximately $1,381,000. Frisch Financial Group Inc. boosted its holdings in shares of Home Depot by 1.8% in the third quarter. Frisch Financial Group Inc. now owns 6,781 shares of the home improvement retailer’s stock worth $2,747,000 after acquiring an additional 118 shares during the period. Prestige Wealth Management Group LLC grew its position in shares of Home Depot by 0.8% in the third quarter. Prestige Wealth Management Group LLC now owns 6,558 shares of the home improvement retailer’s stock valued at $2,657,000 after purchasing an additional 50 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at $2,713,000. Finally, Vestcor Inc lifted its holdings in Home Depot by 1.9% during the 3rd quarter. Vestcor Inc now owns 26,902 shares of the home improvement retailer’s stock worth $10,901,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other 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 value 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, 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 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $429.37 on Tuesday. The company has a 50 day moving average of $411.09 and a 200 day moving average of $376.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market cap of $426.52 billion, a P/E ratio of 29.17, a PEG ratio of 3.00 and a beta of 1.03.

Home Depot (NYSE:HD) last released 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. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average 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.