Steel Grove Capital Advisors LLC Sells 208 Shares of The Home Depot, Inc. (NYSE:HD)

Steel Grove Capital Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,524 shares of the home improvement retailer’s stock after selling 208 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Home Depot were worth $2,954,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Hill Island Financial LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $362,000. Well Done LLC grew its position in shares of Home Depot by 3.4% during the 4th quarter. Well Done LLC now owns 2,153 shares of the home improvement retailer’s stock worth $746,000 after purchasing an additional 70 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of Home Depot by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 123,767 shares of the home improvement retailer’s stock valued at $42,892,000 after buying an additional 2,250 shares in the last quarter. Westbourne Investment Advisors Inc. grew its position in Home Depot by 0.9% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 16,565 shares of the home improvement retailer’s stock worth $5,741,000 after buying an additional 147 shares in the last quarter. Finally, Procyon Advisors LLC increased its position in shares of Home Depot by 0.4% in the fourth quarter. Procyon Advisors LLC now owns 32,321 shares of the home improvement retailer’s stock worth $11,201,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price target on the stock. in a research report on Wednesday, February 21st. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, Telsey Advisory Group upped their price target on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.76.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Home Depot Stock Down 0.7 %

Shares of HD stock traded down $2.55 on Thursday, hitting $383.34. The stock had a trading volume of 2,207,248 shares, compared to its average volume of 3,142,955. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market cap of $379.90 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The business has a 50 day moving average of $367.86 and a 200 day moving average of $334.18. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Company 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.