Hohimer Wealth Management LLC Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Hohimer Wealth Management LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900 shares of the home improvement retailer’s stock after buying an additional 128 shares during the period. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $365,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC boosted its holdings in shares of Home Depot by 16.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,911 shares of the home improvement retailer’s stock worth $1,585,000 after purchasing an additional 545 shares during the period. TD Private Client Wealth LLC lifted its stake in Home Depot by 13.1% in the third quarter. TD Private Client Wealth LLC now owns 18,563 shares of the home improvement retailer’s stock worth $7,522,000 after purchasing an additional 2,150 shares during the last quarter. Fortem Financial Group LLC boosted its position in shares of Home Depot by 23.8% during the third quarter. Fortem Financial Group LLC now owns 1,622 shares of the home improvement retailer’s stock valued at $657,000 after buying an additional 312 shares during the period. Arete Wealth Advisors LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $6,544,000. Finally, Toronto Dominion Bank grew its stake in shares of Home Depot by 10.6% during the third quarter. Toronto Dominion Bank now owns 612,888 shares of the home improvement retailer’s stock valued at $248,342,000 after buying an additional 58,652 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of HD stock opened at $422.57 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $419.76 billion, a PE ratio of 28.71, a PEG ratio of 2.98 and a beta of 1.03. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business’s fifty day simple moving average is $411.09 and its 200-day simple moving average is $376.09.

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

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Wells Fargo & Company upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Truist Financial upped their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Profile

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.