Catalyst Financial Partners LLC Has $1.29 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Catalyst Financial Partners LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,720 shares of the home improvement retailer’s stock after purchasing an additional 213 shares during the period. Catalyst Financial Partners LLC’s holdings in Home Depot were worth $1,289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HD. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter worth about $26,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter worth about $31,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter worth about $35,000. Finally, Briaud Financial Planning Inc acquired a new stake in Home Depot during the third quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Depot 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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 2.5 %

Shares of NYSE:HD traded up $8.61 during mid-day trading on Thursday, hitting $347.44. 3,800,106 shares of the company traded hands, compared to its average volume of 3,347,865. The stock has a market cap of $344.32 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a 50-day moving average price of $359.69 and a two-hundred day moving average price of $343.51.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations 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 was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Truist Financial reaffirmed a “buy” rating and set a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Evercore ISI decreased their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $375.19.

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.