AlphaMark Advisors LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

AlphaMark Advisors LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 26.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 475 shares of the home improvement retailer’s stock after buying an additional 100 shares during the quarter. AlphaMark Advisors LLC’s holdings in Home Depot were worth $185,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Granite FO LLC bought a new stake in Home Depot during the second quarter worth $249,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at $6,931,000. Second Line Capital LLC raised its stake in shares of Home Depot by 23.7% during the 2nd quarter. Second Line Capital LLC now owns 4,535 shares of the home improvement retailer’s stock worth $1,561,000 after purchasing an additional 868 shares during the period. Teewinot Capital Advisers L.L.C. purchased a new position in shares of Home Depot in the 2nd quarter worth about $22,207,000. Finally, Invst LLC grew its position in Home Depot by 10.2% during the second quarter. Invst LLC now owns 6,595 shares of the home improvement retailer’s stock valued at $2,217,000 after buying an additional 610 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $424.78 on Tuesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a fifty day moving average of $407.14 and a 200-day moving average of $390.86. The company has a market capitalization of $421.96 billion, a P/E ratio of 28.86, 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 quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last ninety days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Truist Financial upped their price objective on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Piper Sandler upped their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, TD Cowen upped 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. One research 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. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price 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.