Reliant Investment Management LLC Purchases 50 Shares of The Home Depot, Inc. (NYSE:HD)

Reliant Investment Management LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,306 shares of the home improvement retailer’s stock after acquiring an additional 50 shares during the period. Home Depot comprises approximately 3.3% of Reliant Investment Management LLC’s portfolio, making the stock its 8th largest position. Reliant Investment Management LLC’s holdings in Home Depot were worth $7,510,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the 4th quarter worth approximately $41,000. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Home Depot by 1.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 8,659 shares of the home improvement retailer’s stock valued at $3,368,000 after buying an additional 99 shares during the period. Ballentine Partners LLC increased its position in shares of Home Depot by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 25,743 shares of the home improvement retailer’s stock worth $10,014,000 after acquiring an additional 1,796 shares in the last quarter. Martel Wealth Advisors Inc acquired a new stake in shares of Home Depot during the fourth quarter worth $1,221,000. Finally, Pure Financial Advisors LLC lifted its position in Home Depot by 4.8% in the 4th quarter. Pure Financial Advisors LLC now owns 11,444 shares of the home improvement retailer’s stock valued at $4,452,000 after acquiring an additional 526 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.0 %

Shares of NYSE:HD opened at $410.14 on Thursday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business has a 50 day moving average of $406.84 and a 200-day moving average of $389.32. 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 stock has a market cap of $407.42 billion, a PE ratio of 27.86, a P/E/G ratio of 4.31 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during 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 firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, 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 report on Wednesday, November 13th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction 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 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 SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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.