ST Germain D J Co. Inc. Lowers Stake in The Home Depot, Inc. (NYSE:HD)

ST Germain D J Co. Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,787 shares of the home improvement retailer's stock after selling 1,627 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Home Depot were worth $7,308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. ORG Partners LLC lifted its position in Home Depot by 5.4% during the 4th quarter. ORG Partners LLC now owns 5,012 shares of the home improvement retailer's stock worth $1,956,000 after acquiring an additional 259 shares during the period. CJM Wealth Advisers Ltd. raised its stake in shares of Home Depot by 4.8% in the fourth quarter. CJM Wealth Advisers Ltd. now owns 1,605 shares of the home improvement retailer's stock worth $624,000 after purchasing an additional 74 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Home Depot by 40.6% during the fourth quarter. Fortitude Family Office LLC now owns 7,814 shares of the home improvement retailer's stock worth $3,040,000 after purchasing an additional 2,257 shares during the period. Wealth Group Ltd lifted its holdings in shares of Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares during the period. Finally, Farmers Trust Co. boosted its position in Home Depot by 0.7% in the fourth quarter. Farmers Trust Co. now owns 8,530 shares of the home improvement retailer's stock valued at $3,318,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HD shares. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Truist Financial boosted their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. 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. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock traded up $2.92 during trading hours on Friday, reaching $390.12. 5,321,363 shares of the company's stock were exchanged, compared to its average volume of 3,061,442. The business has a fifty day moving average of $406.15 and a two-hundred day moving average of $385.33. The company has a market capitalization of $387.53 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. 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 1 year low of $323.77 and a 1 year high of $439.37.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot's payout ratio is 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.