The Home Depot, Inc. (NYSE:HD) Shares Purchased by Talbot Financial LLC

Talbot Financial LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,926 shares of the home improvement retailer’s stock after purchasing an additional 493 shares during the period. Home Depot makes up approximately 1.8% of Talbot Financial LLC’s investment portfolio, making the stock its 19th biggest position. Talbot Financial LLC’s holdings in Home Depot were worth $15,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of Home Depot by 15.6% during the 2nd quarter. Federated Hermes Inc. now owns 105,079 shares of the home improvement retailer’s stock worth $36,172,000 after buying an additional 14,190 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $372,000. Lyell Wealth Management LP grew its stake in shares of Home Depot by 2.8% during the 2nd quarter. Lyell Wealth Management LP now owns 42,771 shares of the home improvement retailer’s stock worth $14,723,000 after purchasing an additional 1,167 shares during the period. Williams Financial LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $6,791,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $4,736,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Melius Research started coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Down 0.3 %

NYSE:HD traded down $1.15 during mid-day trading on Monday, hitting $388.74. The company had a trading volume of 2,048,439 shares, compared to its average volume of 2,901,823. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business’s fifty day moving average is $406.15 and its two-hundred day moving average is $385.97. 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 firm has a market cap of $386.16 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 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 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last 90 days. 0.10% of the stock is owned by company insiders.

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.