Evanson Asset Management LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Evanson Asset Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,754 shares of the home improvement retailer’s stock after selling 104 shares during the quarter. Evanson Asset Management LLC’s holdings in Home Depot were worth $608,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Congress Wealth Management LLC DE boosted its holdings in shares of Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after acquiring an additional 3,162 shares during the period. Psagot Value Holdings Ltd. Israel increased its holdings in Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 200 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in Home Depot by 119.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock worth $890,000 after purchasing an additional 1,605 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its position in shares of Home Depot by 96.3% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock valued at $22,056,000 after purchasing an additional 35,805 shares in the last quarter. Finally, National Pension Service raised its position in shares of Home Depot by 6.4% in the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Home Depot Stock Down 0.6 %

Shares of Home Depot stock traded down $2.32 during trading on Thursday, hitting $383.57. The company’s stock had a trading volume of 4,108,220 shares, compared to its average volume of 3,174,438. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a fifty day simple moving average of $368.47 and a two-hundred day simple moving average of $334.54. The company has a market capitalization of $380.13 billion, a PE ratio of 25.42, a P/E/G ratio of 2.51 and a beta of 0.99.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s dividend payout ratio is presently 59.60%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a report on Wednesday, February 21st. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. The Goldman Sachs Group increased their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.76.

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.