Abacus Wealth Partners LLC Sells 162 Shares of The Home Depot, Inc. (NYSE:HD)

Abacus Wealth Partners LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 23.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 542 shares of the home improvement retailer’s stock after selling 162 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Home Depot were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HD. Public Sector Pension Investment Board increased its holdings in shares of Home Depot by 71.6% during the second quarter. Public Sector Pension Investment Board now owns 38,039 shares of the home improvement retailer’s stock valued at $13,095,000 after acquiring an additional 15,873 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Home Depot by 2.6% during the second quarter. Evergreen Capital Management LLC now owns 16,201 shares of the home improvement retailer’s stock worth $5,577,000 after buying an additional 414 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Home Depot in the second quarter valued at $1,325,000. Providence Capital Advisors LLC grew its holdings in shares of Home Depot by 0.6% during the second quarter. Providence Capital Advisors LLC now owns 21,396 shares of the home improvement retailer’s stock valued at $7,366,000 after buying an additional 122 shares during the last quarter. Finally, Samlyn Capital LLC bought a new stake in shares of Home Depot during the second quarter worth about $72,541,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 2.3 %

HD stock opened at $418.65 on Wednesday. The stock has a 50-day simple moving average of $406.53 and a two-hundred day simple moving average of $388.73. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $415.87 billion, a PE ratio of 28.44, a PEG ratio of 4.31 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Piper Sandler increased 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. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

About Home Depot

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.