The Home Depot, Inc. (NYSE:HD) Position Increased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,987 shares of the home improvement retailer’s stock after buying an additional 43 shares during the period. Douglas Lane & Associates LLC’s holdings in Home Depot were worth $10,887,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lantz Financial LLC raised its stake in Home Depot by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after purchasing an additional 89 shares during the period. Carson Advisory Inc. lifted its stake in Home Depot by 1.4% in the 2nd quarter. Carson Advisory Inc. now owns 6,708 shares of the home improvement retailer’s stock worth $2,309,000 after acquiring an additional 90 shares in the last quarter. Angeles Wealth Management LLC boosted its position in Home Depot by 5.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 11,427 shares of the home improvement retailer’s stock worth $3,934,000 after acquiring an additional 619 shares during the period. Vaughan David Investments LLC IL grew its stake in Home Depot by 0.7% during the 2nd quarter. Vaughan David Investments LLC IL now owns 125,590 shares of the home improvement retailer’s stock valued at $43,233,000 after acquiring an additional 815 shares in the last quarter. Finally, Spectrum Wealth Advisory Group LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at about $217,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were 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 represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HD. Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Morgan Stanley lifted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Oppenheimer lifted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.7 %

HD opened at $386.89 on Thursday. The business has a 50 day moving average of $406.33 and a 200-day moving average of $385.04. The stock has a market capitalization of $384.32 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 2.90 and a beta of 1.05. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the firm earned $3.81 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.33%. Home Depot’s dividend payout ratio is 61.14%.

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.