Hill Investment Group Partners LLC Sells 294 Shares of The Home Depot, Inc. (NYSE:HD)

Hill Investment Group Partners LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 21.5% in the 2nd quarter, Holdings Channel reports. The fund owned 1,075 shares of the home improvement retailer’s stock after selling 294 shares during the quarter. Hill Investment Group Partners LLC’s holdings in Home Depot were worth $334,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HD. MetLife Investment Management LLC increased its position in Home Depot by 4.4% during the 2nd quarter. MetLife Investment Management LLC now owns 299,246 shares of the home improvement retailer’s stock valued at $92,958,000 after buying an additional 12,612 shares in the last quarter. Osaic Holdings Inc. increased its position in Home Depot by 477.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044,469 shares of the home improvement retailer’s stock valued at $160,260,000 after buying an additional 2,517,477 shares in the last quarter. RWQ Financial Management Services Inc. increased its position in Home Depot by 228.1% during the 2nd quarter. RWQ Financial Management Services Inc. now owns 19,028 shares of the home improvement retailer’s stock valued at $5,911,000 after buying an additional 13,229 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Home Depot by 4.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,142,814 shares of the home improvement retailer’s stock valued at $356,677,000 after buying an additional 49,264 shares in the last quarter. Finally, Financial Partners Group LLC increased its position in Home Depot by 6.0% during the 2nd quarter. Financial Partners Group LLC now owns 18,820 shares of the home improvement retailer’s stock valued at $5,846,000 after buying an additional 1,064 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HD. DA Davidson increased their target price on Home Depot from $290.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, August 16th. Morgan Stanley cut their target price on Home Depot from $350.00 to $335.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Truist Financial cut their target price on Home Depot from $341.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. TheStreet upgraded Home Depot from a “c+” rating to an “a-” rating in a research note on Tuesday, August 15th. Finally, Argus cut their target price on Home Depot from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $339.57.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 12,120 shares of Home Depot stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the sale, the executive vice president now directly owns 73,049 shares of the company’s stock, valued at $23,770,144.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Kimberly R. Scardino sold 1,600 shares of Home Depot stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total value of $522,704.00. Following the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 12,120 shares of Home Depot stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the completion of the sale, the executive vice president now directly owns 73,049 shares in the company, valued at $23,770,144.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,186 shares of company stock valued at $6,862,827 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Home Depot stock traded up $1.27 during trading on Monday, reaching $308.54. The company had a trading volume of 1,222,956 shares, compared to its average volume of 3,617,324. The company has a current ratio of 1.30, a quick ratio of 0.35 and a debt-to-equity ratio of 28.37. The firm’s 50-day simple moving average is $298.63 and its 200 day simple moving average is $306.73. The firm has a market capitalization of $308.56 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $347.25.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.06. The business had revenue of $37.71 billion for the quarter, compared to analysts’ expectations of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $4.24 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.05 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $2.09 per share. The ex-dividend date is Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.71%. Home Depot’s dividend payout ratio is presently 53.66%.

Home Depot declared that its board has approved a stock buyback program on Tuesday, August 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Home Depot Company Profile

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.