The Home Depot, Inc. (NYSE:HD) Shares Sold by Widmann Financial Services Inc.

Widmann Financial Services Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,528 shares of the home improvement retailer’s stock after selling 122 shares during the period. Home Depot accounts for approximately 2.0% of Widmann Financial Services Inc.’s holdings, making the stock its 13th biggest position. Widmann Financial Services Inc.’s holdings in Home Depot were worth $2,645,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Jacobs Levy Equity Management Inc. acquired a new stake in Home Depot during the 1st quarter worth about $430,000. Abich Financial Wealth Management LLC increased its position in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 51 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in shares of Home Depot during the first quarter valued at approximately $257,000. GAMMA Investing LLC lifted its position in shares of Home Depot by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 17,972 shares of the home improvement retailer’s stock valued at $6,187,000 after acquiring an additional 4,714 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Home Depot by 0.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 114,512 shares of the home improvement retailer’s stock worth $39,420,000 after purchasing an additional 366 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst 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. Stifel Nicolaus increased 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. Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, DA Davidson boosted 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. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.5 %

Shares of NYSE:HD opened at $429.51 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $426.66 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.97 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $308.59 and a 12 month high of $439.37. The company’s 50-day moving average price is $407.48 and its two-hundred day moving average price is $371.81.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same period in the prior year, the business earned $3.81 earnings per share. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. Home Depot’s payout ratio is currently 61.14%.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction 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 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. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last 90 days. 0.10% of the stock is owned by company insiders.

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.