The Home Depot, Inc. (NYSE:HD) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. cut its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,292 shares of the home improvement retailer’s stock after selling 1,161 shares during the period. Home Depot accounts for approximately 1.5% of Montag A & Associates Inc.’s investment portfolio, making the stock its 10th largest holding. Montag A & Associates Inc.’s holdings in Home Depot were worth $23,355,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. raised its position in Home Depot by 0.3% during the 2nd quarter. Blue Fin Capital Inc. now owns 8,966 shares of the home improvement retailer’s stock worth $2,785,000 after purchasing an additional 31 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in Home Depot by 0.4% in the second quarter. Washington Trust Advisors Inc. now owns 7,151 shares of the home improvement retailer’s stock valued at $2,221,000 after purchasing an additional 32 shares during the last quarter. Key Financial Inc lifted its position in shares of Home Depot by 0.6% during the second quarter. Key Financial Inc now owns 5,198 shares of the home improvement retailer’s stock worth $1,615,000 after acquiring an additional 32 shares in the last quarter. Blume Capital Management Inc. increased its holdings in shares of Home Depot by 7.7% in the second quarter. Blume Capital Management Inc. now owns 445 shares of the home improvement retailer’s stock worth $138,000 after purchasing an additional 32 shares during the period. Finally, Wealthstream Advisors Inc. increased its holdings in shares of Home Depot by 2.0% in the second quarter. Wealthstream Advisors Inc. now owns 1,723 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 33 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total transaction of $421,451.25. Following the transaction, the chief accounting officer now owns 6,744 shares in the company, valued at approximately $2,067,103.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP William D. Bastek sold 1,612 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the transaction, the executive vice president now directly owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total transaction of $421,451.25. Following the sale, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The disclosure for this sale can be found here. Insiders have sold 3,114 shares of company stock worth $966,456 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock traded up $3.13 on Monday, hitting $366.28. 1,769,586 shares of the company’s stock were exchanged, compared to its average volume of 2,964,552. The company has a 50-day simple moving average of $348.78 and a 200-day simple moving average of $323.96. The stock has a market capitalization of $364.54 billion, a PE ratio of 23.36, a PEG ratio of 2.60 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $368.72. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.33 and a current ratio of 1.30.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.06. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The business had revenue of $37.71 billion for the quarter, compared to analysts’ expectations of $37.59 billion. During the same quarter last year, the company posted $4.24 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a $2.09 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.28%. Home Depot’s dividend payout ratio is currently 53.66%.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Truist Financial increased their target price on Home Depot from $356.00 to $387.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Guggenheim reduced their price objective on Home Depot from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Wedbush raised Home Depot from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $330.00 to $380.00 in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $325.00 target price on shares of Home Depot in a report on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $351.31.

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Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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