Carderock Capital Management Inc. Sells 1,955 Shares of The Home Depot, Inc. (NYSE:HD)

Carderock Capital Management Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,875 shares of the home improvement retailer’s stock after selling 1,955 shares during the quarter. Home Depot comprises about 2.4% of Carderock Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Carderock Capital Management Inc.’s holdings in Home Depot were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Grayhawk Investment Strategies Inc. bought a new position in Home Depot in the second quarter valued at approximately $28,000. Mizuho Securities Co. Ltd. raised its holdings in Home Depot by 119.5% in the second quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 49 shares during the period. Fairfield Bush & CO. acquired a new stake in Home Depot in the first quarter worth $27,000. First Personal Financial Services raised its holdings in Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 43 shares during the period. Finally, Klaas Financial Asset Advisors LLC acquired a new stake in Home Depot in the third quarter worth $41,000. 68.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HD shares. Raymond James lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 16th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Truist Financial dropped their price objective on shares of Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a report on Wednesday, November 16th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $341.24.

Home Depot Stock Performance

Shares of HD opened at $317.69 on Wednesday. The firm has a 50-day moving average of $320.86 and a 200-day moving average of $302.94. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $374.67. The company has a market cap of $325.23 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.13. The company had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.92 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Wednesday, November 30th. Home Depot’s payout ratio is 45.81%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the sale, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Depot news, Director Paula Santilli acquired 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the sale, the executive vice president now directly owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Further Reading

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

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