Atomi Financial Group Inc. Purchases 1,285 Shares of The Home Depot, Inc. (NYSE:HD)

Atomi Financial Group Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 17.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,675 shares of the home improvement retailer’s stock after buying an additional 1,285 shares during the quarter. Atomi Financial Group Inc.’s holdings in Home Depot were worth $3,375,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Monterey Private Wealth Inc. boosted its stake in Home Depot by 3.4% in the 4th quarter. Monterey Private Wealth Inc. now owns 2,259 shares of the home improvement retailer’s stock worth $879,000 after purchasing an additional 74 shares during the period. Transform Wealth LLC lifted its holdings in shares of Home Depot by 15.2% in the fourth quarter. Transform Wealth LLC now owns 30,215 shares of the home improvement retailer’s stock worth $11,753,000 after buying an additional 3,984 shares in the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Home Depot by 0.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 62,962 shares of the home improvement retailer’s stock worth $24,492,000 after acquiring an additional 407 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in Home Depot by 73.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 58,997 shares of the home improvement retailer’s stock valued at $22,949,000 after acquiring an additional 25,074 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in Home Depot by 2.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,889 shares of the home improvement retailer’s stock valued at $7,737,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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 shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HD shares. Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Guggenheim upped their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. One 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 has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD opened at $410.14 on Thursday. The firm’s 50 day simple moving average is $406.84 and its 200-day simple moving average is $389.32. 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 firm has a market cap of $407.42 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 4.31 and a beta of 1.05.

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

Home Depot Dividend Announcement

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

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.