The Home Depot, Inc. (NYSE:HD) Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,702 shares of the home improvement retailer’s stock after selling 145 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Home Depot were worth $1,829,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HD. Cowa LLC boosted its holdings in Home Depot by 2.3% during the 2nd quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock valued at $905,000 after acquiring an additional 60 shares during the period. Intech Investment Management LLC lifted its position in shares of Home Depot by 19.3% during the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock worth $13,121,000 after purchasing an additional 6,163 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Home Depot by 3.4% in the second quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer’s stock valued at $7,941,000 after purchasing an additional 748 shares during the period. EMG Holdings L.P. grew its holdings in shares of Home Depot by 205.0% in the second quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer’s stock valued at $5,422,000 after purchasing an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in Home Depot by 10.6% during the 2nd quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer’s stock worth $28,834,000 after buying an additional 8,036 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $409.42 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The company has a 50-day simple moving average of $406.44 and a 200-day simple moving average of $386.94. 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 posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS 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 firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business earned $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were 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. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on HD shares. Guggenheim boosted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial upped 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. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.