Everett Harris & Co. CA Has $36.73 Million Position in The Home Depot, Inc. (NYSE:HD)

Everett Harris & Co. CA cut its holdings in The Home Depot, Inc. (NYSE:HD) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,990 shares of the home improvement retailer’s stock after selling 9,174 shares during the quarter. Everett Harris & Co. CA’s holdings in Home Depot were worth $36,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HD. Parker Financial LLC lifted its holdings in Home Depot by 6.5% during the 4th quarter. Parker Financial LLC now owns 755 shares of the home improvement retailer’s stock worth $262,000 after buying an additional 46 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $1,902,000. Successful Portfolios LLC boosted its holdings in Home Depot by 2.0% in the fourth quarter. Successful Portfolios LLC now owns 7,337 shares of the home improvement retailer’s stock valued at $2,543,000 after acquiring an additional 146 shares during the last quarter. Great Lakes Retirement Inc. increased its position in Home Depot by 1.4% in the fourth quarter. Great Lakes Retirement Inc. now owns 5,425 shares of the home improvement retailer’s stock worth $1,880,000 after purchasing an additional 73 shares during the period. Finally, Hill Island Financial LLC bought a new stake in Home Depot during the 4th quarter worth about $362,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE HD traded down $2.32 during mid-day trading on Thursday, hitting $383.57. The company had a trading volume of 4,108,220 shares, compared to its average volume of 3,174,438. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company has a market capitalization of $380.13 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 2.51 and a beta of 0.99. The stock’s 50-day moving average price is $368.47 and its 200-day moving average price is $334.54.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.35%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is 59.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HD shares. Royal Bank of Canada increased their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their target price on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. TD Cowen lifted their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. Finally, Truist Financial reduced their price target on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $368.76.

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

Home Depot 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.