Cardinal Strategic Wealth Guidance Increases Position in The Home Depot, Inc. (NYSE:HD)

Cardinal Strategic Wealth Guidance lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,247 shares of the home improvement retailer’s stock after acquiring an additional 675 shares during the quarter. Home Depot accounts for about 0.5% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 20th largest position. Cardinal Strategic Wealth Guidance’s holdings in Home Depot were worth $1,652,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HD. POM Investment Strategies LLC grew its position in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC grew its position in Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock worth $505,000 after buying an additional 25 shares in the last quarter. Marino Stram & Associates LLC grew its position in Home Depot by 2.3% during the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock worth $431,000 after buying an additional 25 shares in the last quarter. Live Oak Private Wealth LLC increased its stake in Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after acquiring an additional 25 shares during the last quarter. Finally, Mezzasalma Advisors LLC raised its holdings in shares of Home Depot by 4.0% in the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock valued at $255,000 after acquiring an additional 25 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.85.

Home Depot Stock Up 0.6 %

NYSE HD opened at $416.39 on Wednesday. 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 $413.63 billion, a PE ratio of 28.29, a PEG ratio of 4.22 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 50-day moving average is $405.88 and its 200 day moving average is $394.98.

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 analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.16%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 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.