Financial Partners Group LLC Sells 78 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Partners Group LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,069 shares of the home improvement retailer’s stock after selling 78 shares during the period. Home Depot comprises about 2.3% of Financial Partners Group LLC’s portfolio, making the stock its 15th largest holding. Financial Partners Group LLC’s holdings in Home Depot were worth $5,473,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC raised its stake in Home Depot by 3.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,915 shares of the home improvement retailer’s stock valued at $2,690,000 after acquiring an additional 259 shares during the period. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Hengehold Capital Management LLC raised its position in shares of Home Depot by 2.0% in the fourth quarter. Hengehold Capital Management LLC now owns 2,096 shares of the home improvement retailer’s stock valued at $815,000 after purchasing an additional 42 shares during the period. Montecito Bank & Trust lifted its stake in shares of Home Depot by 8.6% during the 4th quarter. Montecito Bank & Trust now owns 5,657 shares of the home improvement retailer’s stock worth $2,201,000 after buying an additional 450 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Home Depot by 2.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,540 shares of the home improvement retailer’s stock worth $1,435,000 after buying an additional 77 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $414.53 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one 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 company has a market cap of $411.77 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The firm has a 50 day simple moving average of $407.14 and a 200 day simple moving average of $390.16.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 EPS. 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 company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on 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 $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was 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 in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on HD. Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stifel Nicolaus boosted 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. Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.