Ballentine Partners LLC Acquires 1,796 Shares of The Home Depot, Inc. (NYSE:HD)

Ballentine Partners LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,743 shares of the home improvement retailer’s stock after acquiring an additional 1,796 shares during the quarter. Ballentine Partners LLC’s holdings in Home Depot were worth $10,014,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Martel Wealth Advisors Inc purchased a new position in Home Depot in the 4th quarter worth approximately $1,221,000. Pure Financial Advisors LLC grew its holdings in shares of Home Depot by 4.8% in the fourth quarter. Pure Financial Advisors LLC now owns 11,444 shares of the home improvement retailer’s stock worth $4,452,000 after purchasing an additional 526 shares during the last quarter. Tudor Financial Inc. grew its holdings in shares of Home Depot by 23.4% in the fourth quarter. Tudor Financial Inc. now owns 3,128 shares of the home improvement retailer’s stock worth $1,217,000 after purchasing an additional 593 shares during the last quarter. New Hampshire Trust increased its stake in shares of Home Depot by 0.7% in the fourth quarter. New Hampshire Trust now owns 16,440 shares of the home improvement retailer’s stock worth $6,395,000 after buying an additional 108 shares during the period. Finally, Amplius Wealth Advisors LLC raised its holdings in Home Depot by 1.9% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,474 shares of the home improvement retailer’s stock valued at $962,000 after buying an additional 45 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial upped their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. DA Davidson lifted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Insiders Place Their Bets

In other news, 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of HD stock opened at $410.14 on Thursday. The company has a market capitalization of $407.42 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 4.31 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. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s 50-day moving average is $406.84 and its 200 day moving average is $389.32.

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

Home Depot Announces Dividend

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

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.