HB Wealth Management LLC Sells 14,015 Shares of The Home Depot, Inc. (NYSE:HD)

HB Wealth Management LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 670,409 shares of the home improvement retailer's stock after selling 14,015 shares during the quarter. Home Depot makes up 2.7% of HB Wealth Management LLC's portfolio, making the stock its 8th biggest position. HB Wealth Management LLC owned approximately 0.07% of Home Depot worth $260,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont boosted its position in Home Depot by 1.1% during the 4th quarter. Trust Co. of Vermont now owns 56,071 shares of the home improvement retailer's stock valued at $21,811,000 after purchasing an additional 597 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of Home Depot by 10.6% during the fourth quarter. Premier Path Wealth Partners LLC now owns 6,683 shares of the home improvement retailer's stock valued at $2,600,000 after acquiring an additional 641 shares during the period. Sanibel Captiva Trust Company Inc. grew its position in shares of Home Depot by 0.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 250,382 shares of the home improvement retailer's stock worth $97,396,000 after acquiring an additional 2,185 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of Home Depot by 13.2% in the 4th quarter. Howard Financial Services LTD. now owns 1,815 shares of the home improvement retailer's stock worth $706,000 after acquiring an additional 211 shares during the period. Finally, Alhambra Investment Management LLC increased its holdings in shares of Home Depot by 2.3% in the 4th quarter. Alhambra Investment Management LLC now owns 5,986 shares of the home improvement retailer's stock worth $2,328,000 after acquiring an additional 134 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred 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 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 trade represents 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 sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.0 %

NYSE:HD traded up $0.09 on Monday, hitting $409.42. 3,194,517 shares of the company's stock traded hands, compared to its average volume of 2,543,379. The company has a market cap 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a 50-day moving average price of $406.51 and a 200-day moving average price of $388.20.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS 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 firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm posted $3.81 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot's dividend payout ratio is 61.14%.

Wall Street Analyst Weigh In

Several research firms have commented on HD. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective for the company. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research note on Tuesday, September 24th. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Finally, Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. One equities research 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot 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.