Sterling Group Wealth Management LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

Sterling Group Wealth Management LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 11.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 531 shares of the home improvement retailer’s stock after selling 70 shares during the period. Sterling Group Wealth Management LLC’s holdings in Home Depot were worth $207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its position in Home Depot by 2.2% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,794 shares of the home improvement retailer’s stock worth $617,000 after purchasing an additional 38 shares in the last quarter. Alethea Capital Management LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $396,000. Raab & Moskowitz Asset Management LLC raised its stake in shares of Home Depot by 6.6% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 9,403 shares of the home improvement retailer’s stock worth $3,237,000 after buying an additional 583 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after buying an additional 5,879 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Home Depot by 18.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 7,675 shares of the home improvement retailer’s stock valued at $2,642,000 after acquiring an additional 1,188 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.0 %

Shares of HD stock opened at $414.53 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm’s 50 day moving average price is $407.14 and its two-hundred day moving average price is $390.16. The stock has a market cap of $411.77 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last posted 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.