Gries Financial LLC Acquires 240 Shares of The Home Depot, Inc. (NYSE:HD)

Gries Financial LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,903 shares of the home improvement retailer’s stock after acquiring an additional 240 shares during the quarter. Gries Financial LLC’s holdings in Home Depot were worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. New England Research & Management Inc. raised its stake in shares of Home Depot by 411.7% in the fourth quarter. New England Research & Management Inc. now owns 3,234 shares of the home improvement retailer’s stock valued at $1,258,000 after acquiring an additional 2,602 shares during the period. TLW Wealth Management LLC grew its holdings in Home Depot by 11.8% during the 4th quarter. TLW Wealth Management LLC now owns 22,443 shares of the home improvement retailer’s stock valued at $8,730,000 after purchasing an additional 2,376 shares during the last quarter. VanderPol Investments L.L.C. raised its position in Home Depot by 8.3% in the 4th quarter. VanderPol Investments L.L.C. now owns 721 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 55 shares during the period. Swedbank AB lifted its stake in Home Depot by 7.2% in the fourth quarter. Swedbank AB now owns 975,155 shares of the home improvement retailer’s stock worth $379,326,000 after purchasing an additional 65,625 shares during the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in shares of Home Depot by 0.7% during the fourth quarter. Orrstown Financial Services Inc. now owns 4,699 shares of the home improvement retailer’s stock valued at $1,828,000 after buying an additional 31 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.6 %

Shares of HD stock opened at $411.86 on Friday. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. The stock’s 50-day simple moving average is $408.02 and its 200-day simple moving average is $392.08.

Home Depot (NYSE:HD) last announced 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 business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the business posted $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HD shares. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Truist Financial boosted their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. 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 stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price 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.