Private Client Services LLC Has $305,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Private Client Services LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 783 shares of the home improvement retailer’s stock after purchasing an additional 69 shares during the quarter. Private Client Services LLC’s holdings in Home Depot were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Northcape Capital Pty Ltd boosted its holdings in shares of Home Depot by 14.9% in the 4th quarter. Northcape Capital Pty Ltd now owns 1,879 shares of the home improvement retailer’s stock valued at $731,000 after buying an additional 244 shares during the last quarter. Innova Wealth Partners bought a new stake in Home Depot during the fourth quarter worth $405,000. Range Financial Group LLC lifted its stake in Home Depot by 266.7% in the fourth quarter. Range Financial Group LLC now owns 8,445 shares of the home improvement retailer’s stock valued at $3,285,000 after acquiring an additional 6,142 shares during the last quarter. One Wealth Capital Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $411,000. Finally, Spartan Planning & Wealth Management acquired a new position in shares of Home Depot during the 4th quarter worth about $790,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HD shares. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Piper Sandler upped their price target 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. DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial boosted their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Guggenheim increased their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research 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 stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 0.3 %

Home Depot stock traded up $1.26 during trading on Wednesday, hitting $385.49. 1,283,799 shares of the company were exchanged, compared to its average volume of 2,278,022. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business’s 50 day moving average is $406.45 and its 200 day moving average is $385.03. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market capitalization of $382.93 billion, a P/E ratio of 26.19, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS 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 company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.33%. Home Depot’s payout ratio is presently 61.14%.

Home Depot 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.