Galvin Gaustad & Stein LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Galvin Gaustad & Stein LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,890 shares of the home improvement retailer’s stock after selling 651 shares during the quarter. Home Depot accounts for approximately 1.8% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 18th biggest holding. Galvin Gaustad & Stein LLC’s holdings in Home Depot were worth $20,185,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HD. Capital Planning Advisors LLC increased its stake in shares of Home Depot by 8.7% in the fourth quarter. Capital Planning Advisors LLC now owns 12,183 shares of the home improvement retailer’s stock worth $4,739,000 after buying an additional 972 shares during the period. Edge Financial Advisors LLC increased its stake in shares of Home Depot by 20.2% in the fourth quarter. Edge Financial Advisors LLC now owns 613 shares of the home improvement retailer’s stock worth $238,000 after buying an additional 103 shares during the period. Trust Co. of Oklahoma increased its stake in shares of Home Depot by 0.5% in the fourth quarter. Trust Co. of Oklahoma now owns 7,837 shares of the home improvement retailer’s stock worth $3,049,000 after buying an additional 42 shares during the period. Market Street Wealth Management Advisors LLC increased its stake in shares of Home Depot by 6.3% in the fourth quarter. Market Street Wealth Management Advisors LLC now owns 678 shares of the home improvement retailer’s stock worth $264,000 after buying an additional 40 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC increased its stake in shares of Home Depot by 16.2% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,158 shares of the home improvement retailer’s stock worth $840,000 after buying an additional 301 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated 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 owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HD. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of Home Depot stock opened at $414.53 on Friday. The stock has a market cap of $411.77 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The firm’s 50-day moving average is $407.01 and its 200 day moving average is $389.64. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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. During the same quarter in the previous year, the firm earned $3.81 EPS. Home Depot’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.