Financial Management Professionals Inc. Has $893,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Financial Management Professionals Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,296 shares of the home improvement retailer’s stock after buying an additional 175 shares during the period. Financial Management Professionals Inc.’s holdings in Home Depot were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Jackson Square Capital LLC boosted its holdings in shares of Home Depot by 13.4% during the 4th quarter. Jackson Square Capital LLC now owns 2,767 shares of the home improvement retailer’s stock worth $1,077,000 after buying an additional 326 shares during the period. TruWealth Advisors LLC boosted its holdings in shares of Home Depot by 3.1% during the fourth quarter. TruWealth Advisors LLC now owns 6,724 shares of the home improvement retailer’s stock worth $2,616,000 after acquiring an additional 204 shares during the period. Ameritas Advisory Services LLC grew its position in shares of Home Depot by 10.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,802 shares of the home improvement retailer’s stock valued at $6,147,000 after purchasing an additional 1,475 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Home Depot by 1.1% during the fourth quarter. Trust Co. of Vermont now owns 56,071 shares of the home improvement retailer’s stock worth $21,811,000 after purchasing an additional 597 shares during the period. Finally, Premier Path Wealth Partners LLC lifted its holdings in Home Depot by 10.6% during the 4th quarter. Premier Path Wealth Partners LLC now owns 6,683 shares of the home improvement retailer’s stock worth $2,600,000 after purchasing an additional 641 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE:HD opened at $409.42 on Monday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The business’s fifty day moving average is $406.51 and its 200 day moving average is $387.81. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the business earned $3.81 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s 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 transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on HD shares. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. TD Cowen increased their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Company 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.