The Home Depot, Inc. (NYSE:HD) Shares Sold by Orser Capital Management LLC

Orser Capital Management LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,421 shares of the home improvement retailer’s stock after selling 35 shares during the period. Home Depot accounts for about 2.7% of Orser Capital Management LLC’s portfolio, making the stock its 13th largest position. Orser Capital Management LLC’s holdings in Home Depot were worth $3,665,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HD. Sienna Gestion grew its position in shares of Home Depot by 0.5% in the second quarter. Sienna Gestion now owns 55,761 shares of the home improvement retailer’s stock valued at $19,186,000 after purchasing an additional 255 shares during the last quarter. Miramar Capital LLC grew its stake in Home Depot by 0.4% in the 2nd quarter. Miramar Capital LLC now owns 42,137 shares of the home improvement retailer’s stock worth $14,505,000 after acquiring an additional 152 shares during the period. AllGen Financial Advisors Inc. raised its holdings in Home Depot by 64.2% in the 2nd quarter. AllGen Financial Advisors Inc. now owns 2,301 shares of the home improvement retailer’s stock valued at $792,000 after acquiring an additional 900 shares during the last quarter. WCG Wealth Advisors LLC purchased a new position in Home Depot during the second quarter worth about $3,858,000. Finally, Concorde Asset Management LLC lifted its holdings in shares of Home Depot by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock worth $464,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Wells Fargo & Company boosted their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. Finally, DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Trading Up 0.8 %

NYSE HD opened at $409.21 on Friday. The firm has a market capitalization of $406.50 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a 50-day simple moving average of $406.24 and a 200-day simple moving average of $386.78. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $3.81 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

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.