Triangle Securities Wealth Management Has $363,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Triangle Securities Wealth Management cut its stake in The Home Depot, Inc. (NYSE:HD) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 933 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. Triangle Securities Wealth Management’s holdings in Home Depot were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Home Depot by 11.1% in the second quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock valued at $26,477,000 after acquiring an additional 7,702 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Home Depot by 4.0% in the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock valued at $82,293,000 after acquiring an additional 9,131 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Home Depot by 8.6% in the second quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock valued at $84,580,000 after acquiring an additional 19,360 shares in the last quarter. Prospector Partners LLC grew its holdings in shares of Home Depot by 0.7% in the second quarter. Prospector Partners LLC now owns 32,369 shares of the home improvement retailer’s stock valued at $11,143,000 after acquiring an additional 240 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Home Depot by 16,788.3% in the second quarter. Frank Rimerman Advisors LLC now owns 13,004 shares of the home improvement retailer’s stock valued at $4,476,000 after acquiring an additional 12,927 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated 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 directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last 90 days. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $409.42 on Monday. The firm has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a fifty day moving average of $406.51 and a 200 day moving average of $387.81. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. 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 report on Wednesday, October 2nd. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI raised their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

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.