Liberty One Investment Management LLC Acquires 631 Shares of The Home Depot, Inc. (NYSE:HD)

Liberty One Investment Management LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,102 shares of the home improvement retailer’s stock after purchasing an additional 631 shares during the quarter. Liberty One Investment Management LLC’s holdings in Home Depot were worth $4,708,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Romano Brothers AND Company grew its holdings in shares of Home Depot by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 8,224 shares of the home improvement retailer’s stock worth $3,199,000 after purchasing an additional 216 shares during the last quarter. Kelly Financial Services LLC grew its holdings in shares of Home Depot by 3.9% in the 4th quarter. Kelly Financial Services LLC now owns 1,549 shares of the home improvement retailer’s stock worth $603,000 after purchasing an additional 58 shares during the last quarter. Cadinha & Co. LLC grew its holdings in shares of Home Depot by 48.6% in the 4th quarter. Cadinha & Co. LLC now owns 69,897 shares of the home improvement retailer’s stock worth $27,189,000 after purchasing an additional 22,847 shares during the last quarter. Stillwater Capital Advisors LLC grew its holdings in shares of Home Depot by 1.0% in the 4th quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock worth $19,760,000 after purchasing an additional 497 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of Home Depot by 11.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 8,066 shares of the home improvement retailer’s stock worth $3,137,000 after purchasing an additional 814 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

NYSE HD opened at $409.42 on Tuesday. The business has a 50 day simple moving average of $406.51 and a 200 day simple moving average of $388.20. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the business earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.