Francis Financial Inc. Sells 34 Shares of The Home Depot, Inc. (NYSE:HD)

Francis Financial Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 833 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Francis Financial Inc.’s holdings in Home Depot were worth $289,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE boosted its position in shares of Home Depot by 3.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after purchasing an additional 3,162 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in shares of Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after purchasing an additional 200 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of Home Depot by 119.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock worth $890,000 after purchasing an additional 1,605 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its stake in Home Depot by 96.3% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock worth $22,056,000 after buying an additional 35,805 shares during the period. Finally, National Pension Service raised its stake in Home Depot by 6.4% during the 2nd quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of NYSE:HD opened at $383.57 on Friday. The company has a market capitalization of $380.13 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.55 and a beta of 0.99. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The business’s 50 day simple moving average is $368.47 and its 200 day simple moving average is $334.54.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.30 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.35%. Home Depot’s dividend payout ratio is presently 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction 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 approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HD. Guggenheim raised their price objective on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Evercore ISI boosted their price target on Home Depot from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen boosted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Finally, Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $325.00 to $372.00 in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $368.76.

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.