Vista Investment Partners LLC Buys 145 Shares of The Home Depot, Inc. (NYSE:HD)

Vista Investment Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,717 shares of the home improvement retailer’s stock after buying an additional 145 shares during the period. Home Depot makes up about 1.4% of Vista Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. Vista Investment Partners LLC’s holdings in Home Depot were worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HD. Granite FO LLC bought a new stake in shares of Home Depot in the 2nd quarter worth $249,000. William B. Walkup & Associates Inc. bought a new stake in shares of Home Depot in the second quarter worth $6,931,000. Second Line Capital LLC grew its holdings in shares of Home Depot by 23.7% in the second quarter. Second Line Capital LLC now owns 4,535 shares of the home improvement retailer’s stock worth $1,561,000 after acquiring an additional 868 shares during the period. Teewinot Capital Advisers L.L.C. bought a new stake in shares of Home Depot in the second quarter worth $22,207,000. Finally, Invst LLC grew its holdings in shares of Home Depot by 10.2% in the second quarter. Invst LLC now owns 6,595 shares of the home improvement retailer’s stock worth $2,217,000 after acquiring an additional 610 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 2.5 %

Shares of NYSE HD opened at $424.78 on Tuesday. The business’s 50 day moving average is $407.14 and its two-hundred day moving average is $390.86. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market capitalization of $421.96 billion, a P/E ratio of 28.86, a PEG ratio of 4.32 and a beta of 1.05.

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, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the firm posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, 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. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.12%. Home Depot’s dividend payout ratio is 61.14%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial lifted their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

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.