Romano Brothers AND Company Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Romano Brothers AND Company increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,224 shares of the home improvement retailer’s stock after purchasing an additional 216 shares during the quarter. Romano Brothers AND Company’s holdings in Home Depot were worth $3,199,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HD. Pacer Advisors Inc. raised its holdings in shares of Home Depot by 11.1% in the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock worth $26,477,000 after purchasing an additional 7,702 shares during the period. ProShare Advisors LLC raised its holdings in shares of Home Depot by 8.6% during the 2nd quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock valued at $84,580,000 after buying an additional 19,360 shares during the period. Discovery Capital Management LLC CT purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $5,852,000. Harmony Asset Management LLC raised its holdings in shares of Home Depot by 5.1% during the 2nd quarter. Harmony Asset Management LLC now owns 12,877 shares of the home improvement retailer’s stock valued at $4,433,000 after buying an additional 626 shares during the period. Finally, Nippon Life Global Investors Americas Inc. raised its holdings in shares of Home Depot by 18.2% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 24,570 shares of the home improvement retailer’s stock valued at $8,458,000 after buying an additional 3,780 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.0 %

Shares of Home Depot stock opened at $409.42 on Tuesday. The business’s fifty day moving average price is $406.51 and its two-hundred day moving average price is $388.20. 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 company has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.81 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. DA Davidson raised their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly 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. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

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.