The Home Depot, Inc. (NYSE:HD) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,666 shares of the home improvement retailer's stock after buying an additional 8,681 shares during the period. Merit Financial Group LLC's holdings in Home Depot were worth $18,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in Home Depot by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer's stock valued at $13,121,000 after buying an additional 6,163 shares in the last quarter. Pacer Advisors Inc. increased its position in Home Depot by 11.1% in the second quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer's stock worth $26,477,000 after purchasing an additional 7,702 shares during the last quarter. Sei Investments Co. raised its stake in Home Depot by 4.0% during the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer's stock valued at $82,293,000 after purchasing an additional 9,131 shares in the last quarter. Kiely Wealth Advisory Group Inc. grew its stake in shares of Home Depot by 6.0% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 742 shares of the home improvement retailer's stock worth $258,000 after buying an additional 42 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Home Depot by 35.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 17,438 shares of the home improvement retailer's stock worth $6,003,000 after buying an additional 4,607 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 0.0 %

Shares of HD traded up $0.09 during trading hours on Friday, hitting $409.42. The company had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company's fifty day moving average price is $406.51 and its two-hundred day moving average price is $387.81. The company has a market capitalization of $406.70 billion, a PE ratio of 27.81, a price-to-earnings-growth 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 released 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same period last year, the business earned $3.81 EPS. The company's revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.