Bedel Financial Consulting Inc. Trims Position in The Home Depot, Inc. (NYSE:HD)

Bedel Financial Consulting Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,207 shares of the home improvement retailer’s stock after selling 53 shares during the period. Bedel Financial Consulting Inc.’s holdings in Home Depot were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Harrell Investment Partners LLC raised its holdings in shares of Home Depot by 4.2% in the 3rd quarter. Harrell Investment Partners LLC now owns 23,126 shares of the home improvement retailer’s stock valued at $6,934,000 after purchasing an additional 923 shares in the last quarter. Congress Wealth Management LLC DE boosted its position in Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares in the last quarter. Psagot Value Holdings Ltd. Israel raised its position in shares of Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 200 shares in the last quarter. QCM Cayman Ltd. purchased a new stake in shares of Home Depot during the 3rd quarter worth $246,000. Finally, Annapolis Financial Services LLC boosted its position in Home Depot by 6.5% during the third quarter. Annapolis Financial Services LLC now owns 930 shares of the home improvement retailer’s stock valued at $281,000 after purchasing an additional 57 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Truist Financial reduced their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen lowered their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $374.96.

Check Out Our Latest Analysis on Home Depot

Home Depot Price Performance

NYSE:HD traded up $1.48 during trading hours on Friday, reaching $344.21. 2,719,054 shares of the company were exchanged, compared to its average volume of 3,381,496. The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 23.11. The firm has a market cap of $341.12 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock’s 50-day moving average is $355.47 and its 200-day moving average is $345.73.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the company posted $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.3 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 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 insiders.

Home Depot Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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