The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cadinha & Co. LLC

Cadinha & Co. LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 48.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,897 shares of the home improvement retailer’s stock after acquiring an additional 22,847 shares during the period. Home Depot accounts for 4.5% of Cadinha & Co. LLC’s holdings, making the stock its 7th biggest position. Cadinha & Co. LLC’s holdings in Home Depot were worth $27,189,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Stillwater Capital Advisors LLC raised its holdings in shares of Home Depot by 1.0% in the fourth quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock worth $19,760,000 after acquiring an additional 497 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Home Depot by 11.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 8,066 shares of the home improvement retailer’s stock worth $3,137,000 after acquiring an additional 814 shares during the last quarter. Sandy Cove Advisors LLC raised its holdings in shares of Home Depot by 8.9% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,903 shares of the home improvement retailer’s stock worth $740,000 after acquiring an additional 156 shares during the last quarter. Bowman & Co S.C. raised its holdings in shares of Home Depot by 1.1% in the fourth quarter. Bowman & Co S.C. now owns 8,877 shares of the home improvement retailer’s stock worth $3,455,000 after acquiring an additional 97 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in Home Depot by 1.9% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 7,027 shares of the home improvement retailer’s stock valued at $2,733,000 after purchasing an additional 130 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.0 %

NYSE:HD opened at $409.42 on Tuesday. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business’s 50-day simple moving average is $406.51 and its 200 day simple moving average is $388.20. The stock has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 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 business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal 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 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 payout ratio is currently 61.14%.

Analyst Ratings Changes

Several equities analysts recently commented on HD shares. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada upped their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % 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 worth $15,624,585 over the last quarter. 0.10% of the stock is owned by corporate insiders.

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.