Home Federal Bank of Tennessee lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,597 shares of the home improvement retailer’s stock after selling 175 shares during the quarter. Home Depot comprises about 1.3% of Home Federal Bank of Tennessee’s holdings, making the stock its 7th biggest holding. Home Federal Bank of Tennessee’s holdings in Home Depot were worth $4,511,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Rice Partnership LLC boosted its holdings in Home Depot by 2.7% in the 4th quarter. Rice Partnership LLC now owns 20,285 shares of the home improvement retailer’s stock valued at $7,891,000 after purchasing an additional 531 shares during the last quarter. Lazari Capital Management Inc. raised its position in shares of Home Depot by 1.8% during the 4th quarter. Lazari Capital Management Inc. now owns 2,182 shares of the home improvement retailer’s stock valued at $849,000 after buying an additional 38 shares during the period. Fiduciary Planning LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $206,000. Panoramic Investment Advisors LLC purchased a new position in Home Depot in the fourth quarter worth approximately $233,000. Finally, JB Capital LLC increased its stake in Home Depot by 6.5% during the fourth quarter. JB Capital LLC now owns 7,205 shares of the home improvement retailer’s stock worth $2,802,000 after acquiring an additional 440 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Home Depot
In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. 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 firm’s stock in a transaction that occurred on 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 approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. Insiders own 0.10% of the company’s stock.
Home Depot Stock Up 0.7 %
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (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 firm 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 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot’s dividend payout ratio is currently 61.14%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on HD shares. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.
Read Our Latest Stock Report on Home Depot
Home Depot Company 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.
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