Obermeyer Wood Investment Counsel Lllp Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Obermeyer Wood Investment Counsel Lllp decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 99,455 shares of the home improvement retailer’s stock after selling 2,925 shares during the quarter. Home Depot accounts for about 2.4% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 15th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Home Depot were worth $34,466,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Optas LLC boosted its holdings in Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 29 shares in the last quarter. Harvest Investment Advisors LLC boosted its holdings in Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after buying an additional 30 shares in the last quarter. Armstrong Henry H Associates Inc. boosted its holdings in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after buying an additional 30 shares in the last quarter. CGC Financial Services LLC boosted its holdings in Home Depot by 4.3% during the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after buying an additional 30 shares in the last quarter. Finally, Independent Investors Inc. lifted its holdings in shares of Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $335.36 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a fifty day moving average of $367.36 and a 200-day moving average of $339.21. The firm has a market capitalization of $332.35 billion, a P/E ratio of 22.21, a PEG ratio of 2.22 and a beta of 0.98. 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 released its quarterly earnings data 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 net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current 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 given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HD shares. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Royal Bank of Canada upped their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. TD Cowen upped their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $325.00 to $372.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.96.

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.