Highline Wealth Partners LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,962 shares of the home improvement retailer’s stock after buying an additional 26 shares during the quarter. Highline Wealth Partners LLC’s holdings in Home Depot were worth $2,319,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Abacus Wealth Partners LLC raised its position in Home Depot by 3.7% in the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after buying an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock valued at $1,469,000 after acquiring an additional 25 shares during the period. Insight Inv LLC increased its position in Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock worth $505,000 after buying an additional 25 shares during the last quarter. Capital City Trust Co. FL boosted its position in Home Depot by 1.1% during the third quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer’s stock worth $1,011,000 after purchasing an additional 26 shares during the period. Finally, Wealth Group Ltd raised its position in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Home Depot Stock Performance
Shares of HD traded up $4.50 during trading hours on Friday, reaching $391.70. 3,172,303 shares of the company traded hands, compared to its average volume of 2,672,708. 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 business has a fifty day moving average price of $406.19 and a 200-day moving average price of $385.06. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $389.10 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.90 and a beta of 1.05.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Truist Financial raised their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. One investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.
Insider Activity
In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This 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 in the last quarter. Corporate insiders own 0.10% of the company’s stock.
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.
See Also
- Five stocks we like better than Home Depot
- What Do S&P 500 Stocks Tell Investors About the Market?
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- How to Invest in Insurance Companies: A Guide
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- High Dividend REITs: Are They an Ideal Way to Diversify?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.