Private Wealth Partners LLC Sells 239 Shares of The Home Depot, Inc. (NYSE:HD)

Private Wealth Partners LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,271 shares of the home improvement retailer’s stock after selling 239 shares during the quarter. Home Depot accounts for approximately 1.3% of Private Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Private Wealth Partners LLC’s holdings in Home Depot were worth $15,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Northern Trust Corp grew its stake in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after purchasing an additional 153,141 shares during the last quarter. International Assets Investment Management LLC grew its stake in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the last quarter. Jennison Associates LLC grew its stake in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after purchasing an additional 1,207,388 shares during the last quarter. California Public Employees Retirement System grew its stake in Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after purchasing an additional 346,641 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Home Depot by 0.7% in the third quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock valued at $750,448,000 after purchasing an additional 17,224 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 0.9 %

Home Depot stock traded up $3.11 during mid-day trading on Friday, reaching $335.09. 2,465,262 shares of the company’s stock were exchanged, compared to its average volume of 3,779,238. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a fifty day moving average of $364.77 and a 200-day moving average of $340.97.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Guggenheim restated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Robert W. Baird restated an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. Truist Financial restated a “buy” rating and set a $417.00 price target on shares of Home Depot in a research note on Wednesday, April 17th. Finally, Wedbush boosted their price target on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.