The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,137 shares of the home improvement retailer’s stock after purchasing an additional 865 shares during the quarter. Home Depot comprises approximately 1.0% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 21st biggest holding. Cyndeo Wealth Partners LLC’s holdings in Home Depot were worth $15,613,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Ascent Group LLC lifted its position in Home Depot by 6.8% during the second quarter. Ascent Group LLC now owns 24,019 shares of the home improvement retailer’s stock valued at $8,268,000 after buying an additional 1,537 shares in the last quarter. Annandale Capital LLC raised its stake in shares of Home Depot by 9.2% in the 2nd quarter. Annandale Capital LLC now owns 17,749 shares of the home improvement retailer’s stock valued at $6,110,000 after acquiring an additional 1,500 shares during the period. Copperwynd Financial LLC lifted its holdings in shares of Home Depot by 8.1% during the 2nd quarter. Copperwynd Financial LLC now owns 4,682 shares of the home improvement retailer’s stock valued at $1,724,000 after acquiring an additional 350 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Home Depot during the 2nd quarter worth $159,365,000. Finally, Nemes Rush Group LLC increased its holdings in Home Depot by 2.1% in the 2nd quarter. Nemes Rush Group LLC now owns 47,461 shares of the home improvement retailer’s stock valued at $16,338,000 after purchasing an additional 972 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE HD opened at $414.53 on Monday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s fifty day moving average price is $407.14 and its two-hundred day moving average price is $390.53.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the firm posted $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Piper Sandler lifted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.