The Home Depot, Inc. (NYSE:HD) Shares Sold by Equitable Holdings Inc.


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Equitable Holdings Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,786 shares of the home improvement retailer’s stock after selling 354 shares during the quarter. Equitable Holdings Inc.’s holdings in The Home Depot were worth $3,396,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HD. Flagship Private Wealth LLC purchased a new position in shares of The Home Depot in the 4th quarter worth $32,000. Westchester Capital Management Inc. acquired a new stake in The Home Depot during the fourth quarter worth about $33,000. Bouvel Investment Partners LLC acquired a new stake in The Home Depot during the fourth quarter worth about $33,000. Claudia M.P. Batlle CRP R LLC purchased a new position in shares of The Home Depot in the 3rd quarter worth about $34,000. Finally, Johnson Midwest Financial LLC acquired a new position in shares of The Home Depot in the 4th quarter valued at about $40,000. 68.71% of the stock is owned by hedge funds and other institutional investors.

NYSE:HD opened at $275.85 on Tuesday. The company has a market cap of $296.98 billion, a PE ratio of 23.86, a P/E/G ratio of 2.13 and a beta of 1.03. The business’s 50 day moving average is $275.56 and its two-hundred day moving average is $275.77. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The Home Depot, Inc. has a 52 week low of $140.63 and a 52 week high of $292.95.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 25th. Investors of record on Thursday, March 11th will be given a dividend of $1.65 per share. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.39%. The Home Depot’s dividend payout ratio is currently 58.54%.

Several research analysts recently commented on HD shares. Morgan Stanley raised their price target on shares of The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, December 4th. DA Davidson cut their target price on shares of The Home Depot from $315.00 to $295.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 18th. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target for the company in a research report on Thursday, November 12th. Wedbush downgraded The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Finally, Piper Sandler boosted their price objective on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 18th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $293.25.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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