William Allan Corp Has $5.69 Million Stake in The Home Depot, Inc. (NYSE:HD)

William Allan Corp trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,038 shares of the home improvement retailer’s stock after selling 208 shares during the quarter. Home Depot accounts for about 3.4% of William Allan Corp’s investment portfolio, making the stock its 9th largest holding. William Allan Corp’s holdings in Home Depot were worth $5,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Infusive Asset Management Inc. grew its stake in shares of Home Depot by 37.0% in the 3rd quarter. Infusive Asset Management Inc. now owns 17,617 shares of the home improvement retailer’s stock worth $7,138,000 after buying an additional 4,762 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in Home Depot by 4.6% during the third quarter. Icon Wealth Advisors LLC now owns 15,592 shares of the home improvement retailer’s stock worth $6,318,000 after acquiring an additional 690 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Home Depot by 2.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 620,673 shares of the home improvement retailer’s stock valued at $251,444,000 after buying an additional 14,252 shares during the period. CWS Financial Advisors LLC lifted its stake in Home Depot by 3.9% in the third quarter. CWS Financial Advisors LLC now owns 2,284 shares of the home improvement retailer’s stock worth $925,000 after purchasing an additional 85 shares during the last quarter. Finally, Providence Wealth Advisors LLC boosted its holdings in Home Depot by 0.6% during the 3rd quarter. Providence Wealth Advisors LLC now owns 6,146 shares of the home improvement retailer’s stock valued at $2,466,000 after acquiring an additional 37 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 0.0 %

Shares of Home Depot stock opened at $427.19 on Friday. The Home Depot, Inc. has a 1-year low of $308.59 and a 1-year high of $439.37. The business has a 50-day moving average of $406.69 and a 200-day moving average of $371.20. 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 company has a market capitalization of $424.35 billion, a PE ratio of 29.02, a P/E/G ratio of 2.97 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business 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%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.81 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.11%. Home Depot’s payout ratio is currently 61.14%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following 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 position. 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 three months. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HD shares. Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Truist Financial raised their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.