Bourgeon Capital Management LLC Has $292,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Bourgeon Capital Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 750 shares of the home improvement retailer’s stock after selling 181 shares during the period. Bourgeon Capital Management LLC’s holdings in Home Depot were worth $292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Verum Partners LLC lifted its position in Home Depot by 1.4% during the 4th quarter. Verum Partners LLC now owns 3,789 shares of the home improvement retailer’s stock valued at $1,474,000 after purchasing an additional 52 shares during the period. Roberts Wealth Advisors LLC lifted its position in Home Depot by 1.6% during the 4th quarter. Roberts Wealth Advisors LLC now owns 6,097 shares of the home improvement retailer’s stock valued at $2,476,000 after purchasing an additional 98 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in Home Depot by 9.5% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 216,955 shares of the home improvement retailer’s stock valued at $84,393,000 after purchasing an additional 18,795 shares during the period. Mogy Joel R Investment Counsel Inc. lifted its position in Home Depot by 0.7% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 106,187 shares of the home improvement retailer’s stock valued at $41,306,000 after purchasing an additional 690 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in Home Depot by 17.4% during the 4th quarter. Atomi Financial Group Inc. now owns 8,675 shares of the home improvement retailer’s stock valued at $3,375,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $414.46 on Friday. 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 Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market capitalization of $411.71 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.41 and a beta of 1.05. The firm’s 50 day moving average is $406.83 and its 200-day moving average is $389.47.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction 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 transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HD. Piper Sandler upped their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $455.00 in a research note on Friday, November 8th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.