Westmount Partners LLC Purchases 46 Shares of The Home Depot, Inc. (NYSE:HD)

Westmount Partners LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,214 shares of the home improvement retailer’s stock after buying an additional 46 shares during the quarter. Home Depot makes up about 1.0% of Westmount Partners LLC’s investment portfolio, making the stock its 20th largest position. Westmount Partners LLC’s holdings in Home Depot were worth $3,195,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Home Depot by 15.6% during the 2nd quarter. Federated Hermes Inc. now owns 105,079 shares of the home improvement retailer’s stock valued at $36,172,000 after purchasing an additional 14,190 shares during the last quarter. Inspire Advisors LLC purchased a new position in Home Depot in the second quarter worth about $372,000. Lyell Wealth Management LP grew its position in Home Depot by 2.8% in the second quarter. Lyell Wealth Management LP now owns 42,771 shares of the home improvement retailer’s stock worth $14,723,000 after acquiring an additional 1,167 shares in the last quarter. Williams Financial LLC purchased a new position in Home Depot in the second quarter worth about $6,791,000. Finally, Diversify Wealth Management LLC purchased a new position in Home Depot in the second quarter worth about $4,736,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD traded down $1.67 during mid-day trading on Monday, hitting $388.22. The company’s stock had a trading volume of 2,013,549 shares, compared to its average volume of 2,901,823. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s fifty day moving average is $406.15 and its two-hundred day moving average is $385.97. The stock has a market cap of $385.64 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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 firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial lifted their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.