Moody Lynn & Lieberson LLC Purchases 546 Shares of The Home Depot, Inc. (NYSE:HD)

Moody Lynn & Lieberson LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,162 shares of the home improvement retailer’s stock after acquiring an additional 546 shares during the quarter. Home Depot makes up about 1.6% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 21st largest position. Moody Lynn & Lieberson LLC’s holdings in Home Depot were worth $26,125,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Granite FO LLC acquired a new stake in Home Depot during the 2nd quarter worth $249,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Home Depot during the second quarter worth $6,931,000. Second Line Capital LLC increased its holdings in 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 valued at $1,561,000 after purchasing an additional 868 shares during the last quarter. Teewinot Capital Advisers L.L.C. acquired a new position in Home Depot in the second quarter valued at about $22,207,000. Finally, Invst LLC boosted its holdings in Home Depot by 10.2% during the second quarter. Invst LLC now owns 6,595 shares of the home improvement retailer’s stock worth $2,217,000 after buying an additional 610 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler upped their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Barclays boosted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

NYSE HD opened at $424.78 on Tuesday. The stock has a market cap of $421.96 billion, a PE ratio of 28.86, 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 quick ratio of 0.31 and a current ratio of 1.13. The firm has a 50-day moving average of $407.14 and a 200-day moving average of $390.86. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents 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 this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Company insiders own 0.10% of the company’s stock.

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.