Marino Stram & Associates LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Marino Stram & Associates LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,108 shares of the home improvement retailer’s stock after acquiring an additional 25 shares during the quarter. Marino Stram & Associates LLC’s holdings in Home Depot were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HD. Park Place Capital Corp raised its stake in shares of Home Depot by 83.7% during the 4th quarter. Park Place Capital Corp now owns 2,948 shares of the home improvement retailer’s stock worth $1,147,000 after purchasing an additional 1,343 shares during the period. Magnus Financial Group LLC raised its stake in shares of Home Depot by 14.2% during the 4th quarter. Magnus Financial Group LLC now owns 6,846 shares of the home improvement retailer’s stock worth $2,663,000 after purchasing an additional 849 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of Home Depot by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 180,237 shares of the home improvement retailer’s stock worth $70,110,000 after purchasing an additional 732 shares during the period. Luts & Greenleigh Group Inc. raised its stake in shares of Home Depot by 0.7% during the 4th quarter. Luts & Greenleigh Group Inc. now owns 4,806 shares of the home improvement retailer’s stock worth $1,869,000 after purchasing an additional 33 shares during the period. Finally, Finley Financial LLC bought a new stake in shares of Home Depot during the 4th quarter worth $59,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 1.1 %

Shares of NYSE HD opened at $414.46 on Friday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $411.71 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.41 and a beta of 1.05. The business has a 50-day moving average of $406.83 and a 200-day moving average of $389.47.

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, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during 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%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.81 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company 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 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Truist Financial boosted their price objective on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.