The Home Depot, Inc. (NYSE:HD) is North Point Portfolio Managers Corp OH’s 7th Largest Position

North Point Portfolio Managers Corp OH reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,503 shares of the home improvement retailer’s stock after selling 1,166 shares during the period. Home Depot makes up 3.4% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 7th largest position. North Point Portfolio Managers Corp OH’s holdings in Home Depot were worth $19,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after purchasing an additional 36 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Home Depot in the 2nd quarter worth approximately $230,000. Farmers National Bank raised its position in Home Depot by 0.6% during the 2nd quarter. Farmers National Bank now owns 23,537 shares of the home improvement retailer’s stock worth $8,102,000 after buying an additional 137 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the 2nd quarter valued at approximately $47,000. Finally, Brown Financial Advisors purchased a new stake in shares of Home Depot in the 2nd quarter valued at $746,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In related 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 value 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. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Truist Financial raised their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Bank of America upped their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

HD opened at $413.46 on Thursday. The firm has a market capitalization of $410.72 billion, a PE ratio of 28.09, a PEG ratio of 4.32 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm’s 50-day moving average price is $407.66 and its 200 day moving average price is $391.78.

Home Depot (NYSE:HD) last posted its quarterly 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 business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.81 earnings per share. As a group, sell-side 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. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. Home Depot’s payout ratio is 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.