Monte Financial Group LLC Has $7.13 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Monte Financial Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 18,318 shares of the home improvement retailer’s stock after selling 268 shares during the quarter. Home Depot accounts for 3.1% of Monte Financial Group LLC’s holdings, making the stock its 4th biggest holding. Monte Financial Group LLC’s holdings in Home Depot were worth $7,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ascent Group LLC lifted its stake in Home Depot by 6.8% during the 2nd quarter. Ascent Group LLC now owns 24,019 shares of the home improvement retailer’s stock valued at $8,268,000 after acquiring an additional 1,537 shares during the period. Annandale Capital LLC lifted its stake in Home Depot by 9.2% during the 2nd quarter. Annandale Capital LLC now owns 17,749 shares of the home improvement retailer’s stock valued at $6,110,000 after acquiring an additional 1,500 shares during the period. Copperwynd Financial LLC raised its stake in Home Depot by 8.1% during the 2nd quarter. Copperwynd Financial LLC now owns 4,682 shares of the home improvement retailer’s stock valued at $1,724,000 after buying an additional 350 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Home Depot during the 2nd quarter valued at $159,365,000. Finally, Nemes Rush Group LLC raised its stake in Home Depot by 2.1% during the 2nd quarter. Nemes Rush Group LLC now owns 47,461 shares of the home improvement retailer’s stock valued at $16,338,000 after buying an additional 972 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling

In related news, 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 completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $414.53 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $411.77 billion, a P/E ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The business’s 50-day moving average is $407.14 and its 200 day moving average is $390.53.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping 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 period in the previous year, the business earned $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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