Horan Capital Advisors LLC. Sells 1,611 Shares of The Home Depot, Inc. (NYSE:HD)

Horan Capital Advisors LLC. cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,869 shares of the home improvement retailer's stock after selling 1,611 shares during the period. Home Depot makes up about 1.4% of Horan Capital Advisors LLC.'s portfolio, making the stock its 18th biggest holding. Horan Capital Advisors LLC.'s holdings in Home Depot were worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Home Depot in the 3rd quarter valued at $336,231,000. FMR LLC increased its stake in shares of Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Home Depot by 295.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock valued at $280,932,000 after purchasing an additional 518,054 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of Home Depot by 37,025.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer's stock valued at $187,019,000 after purchasing an additional 479,485 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 2.1 %

Shares of NYSE:HD traded down $8.14 during midday trading on Tuesday, reaching $381.55. The company's stock had a trading volume of 4,383,596 shares, compared to its average volume of 3,308,175. The firm has a 50 day moving average price of $401.00 and a two-hundred day moving average price of $399.71. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 firm has a market capitalization of $379.02 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the prior year, the business earned $2.82 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is 61.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Robert W. Baird reduced their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler reduced their price objective on Home Depot from $455.00 to $435.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

Home Depot Company 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.