The Home Depot, Inc. (NYSE:HD) Stock Position Increased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp raised its position in The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 67,992 shares of the home improvement retailer’s stock after acquiring an additional 337 shares during the quarter. Home Depot accounts for about 0.3% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 28th biggest position. CHURCHILL MANAGEMENT Corp’s holdings in Home Depot were worth $26,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Rockingstone Advisors LLC increased its stake in Home Depot by 2.6% during the 4th quarter. Rockingstone Advisors LLC now owns 4,675 shares of the home improvement retailer’s stock valued at $1,819,000 after buying an additional 120 shares during the period. ARS Wealth Advisors Group LLC increased its position in shares of Home Depot by 2.1% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 31,489 shares of the home improvement retailer’s stock valued at $12,249,000 after purchasing an additional 651 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Home Depot by 2.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 5,056 shares of the home improvement retailer’s stock worth $1,967,000 after buying an additional 101 shares in the last quarter. Wiser Wealth Management Inc raised its position in Home Depot by 2.2% in the fourth quarter. Wiser Wealth Management Inc now owns 4,415 shares of the home improvement retailer’s stock worth $1,717,000 after acquiring an additional 93 shares in the last quarter. Finally, Apella Capital LLC lifted its holdings in Home Depot by 4.5% in the 4th quarter. Apella Capital LLC now owns 5,664 shares of the home improvement retailer’s stock valued at $2,203,000 after acquiring an additional 246 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Oppenheimer lifted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Truist Financial raised their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’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 transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.8 %

HD stock opened at $409.21 on Friday. The stock has a market capitalization of $406.50 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The company has a 50-day moving average of $406.24 and a two-hundred day moving average of $386.78. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last released 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. 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 quarter last year, the firm posted $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared 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 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.