Waldron Private Wealth LLC Sells 449 Shares of The Home Depot, Inc. (NYSE:HD)

Waldron Private Wealth LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 10,095 shares of the home improvement retailer’s stock after selling 449 shares during the period. Waldron Private Wealth LLC’s holdings in Home Depot were worth $3,498,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of Home Depot in the 1st quarter worth approximately $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot in the 1st quarter worth approximately $28,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted its holdings in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Studio Investment Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $32,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 1.4 %

HD opened at $337.93 on Tuesday. The firm has a market cap of $334.90 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.28 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a fifty day moving average price of $369.56 and a 200-day moving average price of $338.82.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the company posted $3.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.66%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush lifted their target price on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Bank of America boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.35.

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.