Great Waters Wealth Management Sells 25 Shares of The Home Depot, Inc. (NYSE:HD)

Great Waters Wealth Management cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,136 shares of the home improvement retailer’s stock after selling 25 shares during the quarter. Great Waters Wealth Management’s holdings in Home Depot were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Monterey Private Wealth Inc. increased its position in Home Depot by 3.4% during the fourth quarter. Monterey Private Wealth Inc. now owns 2,259 shares of the home improvement retailer’s stock worth $879,000 after buying an additional 74 shares during the last quarter. Transform Wealth LLC boosted its position in Home Depot by 15.2% during the fourth quarter. Transform Wealth LLC now owns 30,215 shares of the home improvement retailer’s stock worth $11,753,000 after purchasing an additional 3,984 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Home Depot by 0.7% in the fourth quarter. Chesley Taft & Associates LLC now owns 62,962 shares of the home improvement retailer’s stock valued at $24,492,000 after purchasing an additional 407 shares during the period. Alpha Cubed Investments LLC boosted its holdings in shares of Home Depot by 73.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 58,997 shares of the home improvement retailer’s stock worth $22,949,000 after buying an additional 25,074 shares during the period. Finally, Clear Harbor Asset Management LLC raised its holdings in Home Depot by 2.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,889 shares of the home improvement retailer’s stock worth $7,737,000 after acquiring an additional 451 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial increased their price objective on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three 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 target price of $426.00.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 2.0 %

Shares of NYSE:HD opened at $410.14 on Thursday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market cap of $407.42 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.31 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. The company’s 50-day moving average price is $406.84 and its two-hundred day moving average price is $389.32.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.81 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend 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.