The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,018 shares of the home improvement retailer's stock after selling 1,767 shares during the period. Transamerica Financial Advisors Inc.'s holdings in Home Depot were worth $6,491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter worth approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $0.95 on Tuesday, reaching $429.62. 2,757,738 shares of the company's stock were exchanged, compared to its average volume of 3,397,500. The firm has a market capitalization of $426.77 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.92 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $308.59 and a fifty-two week high of $439.37. The business's 50-day moving average is $405.09 and its two-hundred day moving average is $370.41. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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. 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 for the quarter, compared to analysts' expectations of $39.31 billion. During the same period in the prior year, the company earned $3.81 earnings per share. The firm's revenue was up 6.6% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.09%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. Piper Sandler upped their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Finally, Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. 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 has an average rating of "Moderate Buy" and a consensus price target 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.