Insight Wealth Strategies LLC Has $4.47 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Insight Wealth Strategies LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,490 shares of the home improvement retailer’s stock after selling 104 shares during the period. Insight Wealth Strategies LLC’s holdings in Home Depot were worth $4,469,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Lantz Financial LLC boosted its stake in shares of Home Depot by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after acquiring an additional 89 shares during the period. Arlington Partners LLC increased its holdings in shares of Home Depot by 7.6% in the second quarter. Arlington Partners LLC now owns 9,340 shares of the home improvement retailer’s stock valued at $3,215,000 after purchasing an additional 656 shares during the last quarter. Oxbow Advisors LLC raised its position in shares of Home Depot by 3.8% in the second quarter. Oxbow Advisors LLC now owns 2,490 shares of the home improvement retailer’s stock valued at $857,000 after purchasing an additional 90 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Home Depot by 251.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 3,047 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 2,181 shares during the last quarter. Finally, Stonebrook Private Inc. boosted its holdings in shares of Home Depot by 7.5% during the 2nd quarter. Stonebrook Private Inc. now owns 13,564 shares of the home improvement retailer’s stock worth $4,669,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

HD stock traded up $0.14 during midday trading on Monday, reaching $389.32. 1,965,881 shares of the stock were exchanged, compared to its average volume of 2,187,356. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a fifty day moving average price of $406.94 and a 200 day moving average price of $384.58. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market capitalization of $386.74 billion, a PE ratio of 26.45, a P/E/G ratio of 2.90 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 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 for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the business posted $3.81 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio is 61.14%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction 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 owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

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.