The Home Depot, Inc. (NYSE:HD) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,368 shares of the home improvement retailer's stock after selling 1,633 shares during the period. Home Depot comprises 2.2% of Court Place Advisors LLC's portfolio, making the stock its 10th biggest position. Court Place Advisors LLC's holdings in Home Depot were worth $6,756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its position in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after acquiring an additional 36 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of Home Depot during the second quarter worth $230,000. Farmers National Bank increased its holdings in Home Depot by 0.6% in the second quarter. Farmers National Bank now owns 23,537 shares of the home improvement retailer's stock valued at $8,102,000 after purchasing an additional 137 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Home Depot in the second quarter valued at about $47,000. Finally, Brown Financial Advisors bought a new position in Home Depot during the second quarter worth about $746,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Truist Financial boosted their target price on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

HD traded up $1.14 during trading hours on Thursday, reaching $414.56. The company's stock had a trading volume of 3,080,038 shares, compared to its average volume of 3,196,907. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company's 50-day moving average is $407.93 and its 200-day moving average is $391.93. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market cap of $411.81 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.81 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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 $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last ninety days. 0.10% of the stock is owned by company insiders.

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.