The Home Depot, Inc. (NYSE:HD) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,193 shares of the home improvement retailer’s stock after selling 808 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Home Depot were worth $4,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. AJOVista LLC acquired a new position in Home Depot during the 4th quarter worth approximately $262,000. ARS Wealth Advisors Group LLC grew its holdings in Home Depot by 59.6% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 35,211 shares of the home improvement retailer’s stock worth $12,203,000 after acquiring an additional 13,152 shares in the last quarter. Provence Wealth Management Group grew its holdings in Home Depot by 22.6% during the 4th quarter. Provence Wealth Management Group now owns 2,803 shares of the home improvement retailer’s stock worth $971,000 after acquiring an additional 516 shares in the last quarter. VeraBank N.A. grew its holdings in Home Depot by 4.0% during the 4th quarter. VeraBank N.A. now owns 1,543 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 59 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in Home Depot by 15.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 7,486 shares of the home improvement retailer’s stock worth $2,594,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Royal Bank of Canada upped their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Telsey Advisory Group upped their price target on shares of Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Finally, Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insiders Place Their Bets

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 shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 2.2 %

Shares of HD stock traded up $7.32 during mid-day trading on Friday, reaching $342.85. 4,165,054 shares of the company were exchanged, compared to its average volume of 3,606,830. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two 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 market capitalization of $339.77 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.23 and a beta of 1.01. The business’s 50 day simple moving average is $361.75 and its 200 day simple moving average is $342.08.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

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.