Clear Harbor Asset Management LLC Acquires 301 Shares of The Home Depot, Inc. (NYSE:HD)

Clear Harbor Asset Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,563 shares of the home improvement retailer’s stock after acquiring an additional 301 shares during the period. Clear Harbor Asset Management LLC’s holdings in Home Depot were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in Home Depot in the 2nd quarter valued at $26,000. Fairfield Bush & CO. acquired a new position in Home Depot in the 1st quarter valued at $27,000. KB Financial Partners LLC acquired a new position in Home Depot in the 1st quarter valued at $28,000. Studio Investment Management LLC acquired a new position in Home Depot in the 4th quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot in the 1st quarter valued at $37,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of HD stock traded down $2.29 during mid-day trading on Friday, reaching $383.60. 4,108,328 shares of the stock traded hands, compared to its average volume of 3,355,391. The stock’s fifty day simple moving average is $368.47 and its two-hundred day simple moving average is $334.54. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market cap of $380.16 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.99. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the firm posted $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Stifel Nicolaus upped their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Robert W. Baird reissued an “outperform” rating and set a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. HSBC lowered Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a report on Wednesday, February 21st. Guggenheim increased their target price on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.76.

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.