The Home Depot, Inc. (NYSE:HD) Shares Sold by American Trust

American Trust lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,672 shares of the home improvement retailer's stock after selling 2,391 shares during the period. American Trust's holdings in Home Depot were worth $4,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HD. Abacus Wealth Partners LLC raised its stake in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock worth $285,000 after buying an additional 25 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock worth $1,469,000 after purchasing an additional 25 shares in the last quarter. Insight Inv LLC grew its holdings in Home Depot by 2.0% in the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after buying an additional 25 shares in the last quarter. Capital City Trust Co. FL grew its holdings in Home Depot by 1.1% in the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after buying an additional 26 shares in the last quarter. Finally, Acorn Creek Capital LLC grew its holdings in Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock valued at $291,000 after buying an additional 28 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price target for the company. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Finally, Daiwa America raised Home Depot to a "hold" rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Price Performance

Shares of HD traded up $2.56 during mid-day trading on Friday, hitting $416.98. The company's stock had a trading volume of 2,649,034 shares, compared to its average volume of 3,372,001. 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 firm has a 50-day simple moving average of $411.62 and a 200 day simple moving average of $377.35. The firm has a market capitalization of $414.21 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.93 and a beta of 1.03. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued 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 2.16%. Home Depot's dividend payout ratio is presently 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.