The Home Depot, Inc. (NYSE:HD) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,636 shares of the home improvement retailer's stock after selling 773 shares during the quarter. Boston Common Asset Management LLC's holdings in Home Depot were worth $12,695,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the third quarter worth about $41,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter valued at approximately $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $47,000. Quarry LP increased its stake in Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. Finally, Semmax Financial Advisors Inc. raised its holdings in Home Depot by 111.3% during the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock worth $53,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.0 %

Home Depot stock traded up $0.09 during midday trading on Friday, hitting $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. The business has a fifty day moving average price of $406.51 and a 200 day moving average price of $387.81. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 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.

Home Depot (NYSE:HD - Get Free Report) 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. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 EPS. Research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot's dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. This represents a 0.80 % 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 worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Truist Financial raised their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Finally, Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

About Home Depot

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.