The Home Depot, Inc. (NYSE:HD) Shares Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,094 shares of the home improvement retailer’s stock after purchasing an additional 584 shares during the period. Home Depot makes up approximately 1.2% of Principle Wealth Partners LLC’s portfolio, making the stock its 17th biggest holding. Principle Wealth Partners LLC’s holdings in Home Depot were worth $13,895,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Northern Trust Corp boosted its stake in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after acquiring an additional 153,141 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after buying an additional 5,525,791 shares in the last quarter. Jennison Associates LLC lifted its stake in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after buying an additional 1,207,388 shares in the last quarter. California Public Employees Retirement System lifted its stake in Home Depot by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after buying an additional 346,641 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Home Depot by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock valued at $750,448,000 after buying an additional 17,224 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Telsey Advisory Group boosted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Truist Financial reaffirmed a “buy” rating and set a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, Guggenheim reiterated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Stock Performance

Shares of NYSE:HD traded up $3.11 during trading on Friday, reaching $335.09. 2,465,262 shares of the company’s stock traded hands, compared to its average volume of 3,779,238. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a 50 day moving average of $364.77 and a 200-day moving average of $340.97. The stock has a market capitalization of $332.08 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

About Home Depot

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.