The Home Depot, Inc. (NYSE:HD) Shares Acquired by Osprey Private Wealth LLC

Osprey Private Wealth LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,055 shares of the home improvement retailer’s stock after acquiring an additional 290 shares during the period. Home Depot accounts for 3.8% of Osprey Private Wealth LLC’s holdings, making the stock its 9th largest position. Osprey Private Wealth LLC’s holdings in Home Depot were worth $5,467,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in Home Depot in the 4th quarter valued at about $2,660,000. Stratos Wealth Advisors LLC lifted its position in Home Depot by 2.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,175 shares of the home improvement retailer’s stock worth $2,402,000 after buying an additional 165 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Home Depot by 1.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 107,149 shares of the home improvement retailer’s stock valued at $41,680,000 after buying an additional 1,141 shares in the last quarter. Sargent Investment Group LLC increased its stake in shares of Home Depot by 16.4% in the 4th quarter. Sargent Investment Group LLC now owns 8,222 shares of the home improvement retailer’s stock worth $3,200,000 after acquiring an additional 1,161 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its holdings in shares of Home Depot by 32.0% during the 4th quarter. Cassia Capital Partners LLC now owns 2,605 shares of the home improvement retailer’s stock worth $1,013,000 after acquiring an additional 632 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HD shares. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.0 %

NYSE HD opened at $413.92 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a 50 day moving average of $406.84 and a two-hundred day moving average of $393.55. The stock has a market capitalization of $411.18 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 4.34 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 posted its earnings results 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. 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%. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.81 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced 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 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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.