The Home Depot, Inc. (NYSE:HD) Shares Acquired by Tandem Investment Advisors Inc.


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Tandem Investment Advisors Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,285 shares of the home improvement retailer’s stock after acquiring an additional 199 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in The Home Depot were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HD. S&CO Inc. bought a new stake in shares of The Home Depot during the 3rd quarter worth about $5,027,000. Cox Capital Mgt LLC raised its holdings in The Home Depot by 3.8% during the 4th quarter. Cox Capital Mgt LLC now owns 15,788 shares of the home improvement retailer’s stock worth $4,194,000 after buying an additional 585 shares during the period. BTR Capital Management Inc. raised its holdings in The Home Depot by 11.2% during the 4th quarter. BTR Capital Management Inc. now owns 21,155 shares of the home improvement retailer’s stock worth $5,619,000 after buying an additional 2,131 shares during the period. First Allied Advisory Services Inc. raised its holdings in The Home Depot by 2.3% during the 3rd quarter. First Allied Advisory Services Inc. now owns 41,449 shares of the home improvement retailer’s stock worth $11,511,000 after buying an additional 919 shares during the period. Finally, Hardy Reed LLC raised its holdings in The Home Depot by 7.0% during the 3rd quarter. Hardy Reed LLC now owns 3,991 shares of the home improvement retailer’s stock worth $1,108,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 63.23% of the company’s stock.

In related news, COO Edward P. Decker sold 25,595 shares of the company’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total value of $6,895,293.00. Following the sale, the chief operating officer now directly owns 97,352 shares in the company, valued at $26,226,628.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 120 shares of the company’s stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the sale, the executive vice president now owns 46,611 shares in the company, valued at $12,539,757.33. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

HD opened at $274.05 on Thursday. The Home Depot, Inc. has a fifty-two week low of $140.63 and a fifty-two week high of $292.95. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The company has a market capitalization of $295.04 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.84 and a beta of 1.04. The stock has a fifty day moving average of $268.91 and a 200-day moving average of $271.86.

The Home Depot (NYSE:HD) last posted its earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The company had revenue of $33.54 billion during the quarter, compared to the consensus estimate of $32.03 billion. During the same quarter last year, the firm earned $2.53 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Investors of record on Thursday, December 3rd were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, December 2nd. The Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

Several analysts have commented on the stock. Piper Sandler raised their target price on shares of The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Oppenheimer cut shares of The Home Depot from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $320.00 to $305.00 in a research note on Friday, September 18th. Bank of America raised their target price on shares of The Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Exane BNP Paribas initiated coverage on shares of The Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. Finally, Wedbush cut shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $293.25.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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