The Home Depot, Inc. (NYSE:HD) Shares Acquired by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 52,597 shares of the home improvement retailer's stock after acquiring an additional 6,511 shares during the period. Home Depot makes up approximately 1.1% of Parsons Capital Management Inc. RI's investment portfolio, making the stock its 16th largest holding. Parsons Capital Management Inc. RI's holdings in Home Depot were worth $20,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. West Wealth Group LLC lifted its position in shares of Home Depot by 3.8% during the 4th quarter. West Wealth Group LLC now owns 1,592 shares of the home improvement retailer's stock valued at $619,000 after buying an additional 58 shares in the last quarter. Lighthouse Wealth Management Inc. purchased a new position in Home Depot in the 4th quarter worth approximately $258,000. Mount Yale Investment Advisors LLC grew its holdings in Home Depot by 25.6% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,219 shares of the home improvement retailer's stock valued at $4,753,000 after buying an additional 2,490 shares in the last quarter. Curran Financial Partners LLC boosted its position in shares of Home Depot by 8.5% during the 4th quarter. Curran Financial Partners LLC now owns 739 shares of the home improvement retailer's stock valued at $287,000 after acquiring an additional 58 shares during the last quarter. Finally, McLean Asset Management Corp grew its holdings in shares of Home Depot by 1.7% in the fourth quarter. McLean Asset Management Corp now owns 2,683 shares of the home improvement retailer's stock valued at $1,044,000 after purchasing an additional 44 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 have sold 38,188 shares of company stock valued at $15,624,585 over the last three months. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $1.14 on Thursday, reaching $414.56. 3,080,034 shares of the company's stock were exchanged, compared to its average volume of 3,196,606. The business's 50-day moving average is $407.93 and its two-hundred day moving average is $391.93. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $411.81 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm 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 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot's payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Guggenheim raised their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot 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.