Moseley Investment Management Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Moseley Investment Management Inc. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 12,082 shares of the home improvement retailer’s stock after acquiring an additional 84 shares during the quarter. Home Depot makes up 1.8% of Moseley Investment Management Inc.’s portfolio, making the stock its 14th biggest holding. Moseley Investment Management Inc.’s holdings in Home Depot were worth $4,700,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Financial & Tax Architects LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $413,000. Meridian Wealth Partners LLC raised its holdings in Home Depot by 0.8% during the 2nd quarter. Meridian Wealth Partners LLC now owns 6,372 shares of the home improvement retailer’s stock valued at $2,194,000 after buying an additional 52 shares during the period. Purus Wealth Management LLC raised its holdings in Home Depot by 4.2% during the 2nd quarter. Purus Wealth Management LLC now owns 1,852 shares of the home improvement retailer’s stock valued at $638,000 after buying an additional 75 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Home Depot by 3.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 345,978 shares of the home improvement retailer’s stock valued at $119,099,000 after buying an additional 12,682 shares during the period. Finally, Argent Trust Co raised its holdings in Home Depot by 1.2% during the 2nd quarter. Argent Trust Co now owns 96,364 shares of the home improvement retailer’s stock valued at $33,172,000 after buying an additional 1,168 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated 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 approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Finally, TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One 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. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

Shares of HD stock opened at $405.99 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock’s 50-day moving average is $405.88 and its 200 day moving average is $386.65. The company has a market cap of $403.30 billion, a P/E ratio of 27.58, a PEG ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the company earned $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

About Home Depot

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.