The Home Depot, Inc. (NYSE:HD) Shares Sold by Denver Wealth Management Inc.

Denver Wealth Management Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,058 shares of the home improvement retailer’s stock after selling 250 shares during the quarter. Home Depot makes up approximately 1.0% of Denver Wealth Management Inc.’s holdings, making the stock its 22nd biggest holding. Denver Wealth Management Inc.’s holdings in Home Depot were worth $1,753,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HD. Morgan Stanley grew its stake in shares of Home Depot by 10.0% during the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after buying an additional 1,698,402 shares during the period. Northern Trust Corp grew its stake in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after buying an additional 153,141 shares during the period. Norges Bank purchased a new stake in shares of Home Depot during the 4th quarter valued at $3,740,875,000. Moneta Group Investment Advisors LLC grew its stake in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 14.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Citigroup lifted their target price on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Guggenheim lifted their target price on shares of Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush boosted their price objective on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $376.35.

View Our Latest Stock Report on HD

Home Depot Price Performance

Shares of NYSE:HD opened at $360.10 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a 50-day simple moving average of $370.13 and a 200 day simple moving average of $336.13. The company has a market cap of $356.87 billion, a PE ratio of 23.85, a P/E/G ratio of 2.42 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last posted its 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 net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.38 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio is 59.60%.

Home Depot Company Profile

(Free Report)

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 d├ęcor 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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