The Home Depot, Inc. (NYSE:HD) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,472 shares of the home improvement retailer’s stock after selling 1,363 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Home Depot were worth $510,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Congress Wealth Management LLC DE boosted its position in 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 valued at $26,725,000 after buying an additional 3,162 shares during the last quarter. Wolf Group Capital Advisors grew its position in shares of Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group acquired a new position in Home Depot during the 4th quarter worth $253,000. Psagot Value Holdings Ltd. Israel increased its holdings in Home Depot by 8.0% in the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after buying an additional 200 shares during the last quarter. Finally, Zullo Investment Group Inc. lifted its holdings in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

Home Depot stock opened at $332.89 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm’s fifty day simple moving average is $367.92 and its 200-day simple moving average is $338.97. The company has a market capitalization of $329.90 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the prior year, the company posted $3.30 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. Home Depot’s payout ratio is presently 59.60%.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, 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. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on HD shares. Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Wells Fargo & Company lifted their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Stifel Nicolaus boosted their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Truist Financial reiterated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday. Finally, Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.