Sonora Investment Management Group LLC Acquires 692 Shares of The Home Depot, Inc. (NYSE:HD)

Sonora Investment Management Group LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,652 shares of the home improvement retailer's stock after acquiring an additional 692 shares during the period. Home Depot comprises approximately 1.6% of Sonora Investment Management Group LLC's holdings, making the stock its 16th biggest holding. Sonora Investment Management Group LLC's holdings in Home Depot were worth $20,870,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Home Depot in the third quarter valued at $336,231,000. FMR LLC grew its position in Home Depot by 10.1% during 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 acquiring an additional 795,438 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Home Depot by 295.6% during the third 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 acquiring an additional 518,054 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after purchasing an additional 433,126 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 completion of the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value 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. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

NYSE HD traded up $2.55 on Wednesday, reaching $414.04. The company's stock had a trading volume of 2,210,589 shares, compared to its average volume of 3,077,046. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month 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's 50 day moving average is $407.11 and its two-hundred day moving average is $393.41. The stock has a market cap of $411.29 billion, a PE ratio of 28.13, a PEG ratio of 4.34 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. As a group, sell-side analysts predict 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 given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. DA Davidson lifted their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Truist Financial lifted their price target on Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

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.