Byrne Asset Management LLC Has $1.73 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Byrne Asset Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,976 shares of the home improvement retailer’s stock after selling 45 shares during the quarter. Home Depot makes up approximately 1.3% of Byrne Asset Management LLC’s holdings, making the stock its 15th largest holding. Byrne Asset Management LLC’s holdings in Home Depot were worth $1,734,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter worth $31,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot during the 1st quarter valued at $27,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $28,000. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Truist Financial upped their target price on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a research report on Monday, April 1st. TD Cowen upped their target price on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Robert W. Baird reiterated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Wells Fargo & Company upped their target price on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $376.35.

View Our Latest Report on Home Depot

Home Depot Trading Down 1.3 %

Shares of NYSE:HD opened at $342.87 on Monday. The company’s 50-day moving average price is $369.91 and its two-hundred day moving average price is $338.58. 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 Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market capitalization of $339.79 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 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 1,339.65%. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the firm posted $3.30 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date 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 2.62%. Home Depot’s payout ratio is 59.60%.

About Home Depot

(Free Report)

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.

See Also

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

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