Secure Asset Management LLC Has $2.71 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Secure Asset Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 129.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,955 shares of the home improvement retailer’s stock after acquiring an additional 3,920 shares during the quarter. Secure Asset Management LLC’s holdings in Home Depot were worth $2,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Red Door Wealth Management LLC increased its stake in Home Depot by 5.0% during the 4th quarter. Red Door Wealth Management LLC now owns 25,108 shares of the home improvement retailer’s stock worth $9,767,000 after acquiring an additional 1,186 shares during the period. Capital Planning Advisors LLC grew its holdings in shares of Home Depot by 8.7% during the 4th quarter. Capital Planning Advisors LLC now owns 12,183 shares of the home improvement retailer’s stock worth $4,739,000 after purchasing an additional 972 shares in the last quarter. Edge Financial Advisors LLC increased its position in shares of Home Depot by 20.2% in the fourth quarter. Edge Financial Advisors LLC now owns 613 shares of the home improvement retailer’s stock worth $238,000 after purchasing an additional 103 shares during the period. Trust Co. of Oklahoma raised its stake in Home Depot by 0.5% in the fourth quarter. Trust Co. of Oklahoma now owns 7,837 shares of the home improvement retailer’s stock valued at $3,049,000 after purchasing an additional 42 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC lifted its position in Home Depot by 6.3% during the fourth quarter. Market Street Wealth Management Advisors LLC now owns 678 shares of the home improvement retailer’s stock worth $264,000 after purchasing an additional 40 shares during the period. 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 Timothy A. Hourigan sold 16,004 shares of the business’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 value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % 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 Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of HD stock opened at $414.53 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $411.77 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The stock has a 50-day moving average of $407.14 and a 200-day moving average of $390.16.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.81 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s payout ratio is 61.14%.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial lifted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Royal Bank of Canada lifted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.