The Home Depot, Inc. (NYSE:HD) Shares Sold by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,211 shares of the home improvement retailer’s stock after selling 258 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Home Depot were worth $10,215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the second quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter valued at approximately $46,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC boosted its position in Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $408.18 on Monday. The company’s 50-day moving average is $399.51 and its two-hundred day moving average is $366.81. The firm has a market capitalization of $405.44 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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 issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HD shares. Truist Financial increased their price target 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. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s 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 of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate 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.