InTrack Investment Management Inc Buys 1,793 Shares of The Home Depot, Inc. (NYSE:HD)

InTrack Investment Management Inc raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 77.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,115 shares of the home improvement retailer's stock after buying an additional 1,793 shares during the quarter. Home Depot accounts for about 1.1% of InTrack Investment Management Inc's investment portfolio, making the stock its 27th largest position. InTrack Investment Management Inc's holdings in Home Depot were worth $1,616,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Home Depot during the 3rd quarter valued at about $336,231,000. FMR LLC boosted its holdings in shares of Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after buying an additional 795,438 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in 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 worth $280,932,000 after purchasing an additional 518,054 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Home Depot during the second quarter worth about $159,365,000. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of HD stock traded up $0.09 during trading hours 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 company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock's 50-day moving average price is $406.51 and its two-hundred day moving average price is $387.81.

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

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price target on the stock. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Piper Sandler boosted 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. Finally, Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

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.