Abel Hall LLC Buys 35 Shares of The Home Depot, Inc. (NYSE:HD)

Abel Hall LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,004 shares of the home improvement retailer’s stock after acquiring an additional 35 shares during the quarter. Abel Hall LLC’s holdings in Home Depot were worth $407,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the 2nd quarter worth about $40,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $41,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot in the 3rd quarter valued at about $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HD. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

NYSE HD opened at $431.37 on Monday. The stock has a market capitalization of $428.51 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.00 and a beta of 1.03. The stock has a 50-day moving average of $410.60 and a 200 day moving average of $375.37. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced its 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 business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the company posted $3.81 EPS. The business’s quarterly 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 business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.09%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.