The Home Depot, Inc. (NYSE:HD) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC trimmed its position in The Home Depot, Inc. (NYSE:HDFree Report) by 55.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,575 shares of the home improvement retailer’s stock after selling 4,492 shares during the period. Home Depot comprises about 1.4% of MRP Capital Investments LLC’s portfolio, making the stock its 29th largest holding. MRP Capital Investments LLC’s holdings in Home Depot were worth $1,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the 1st quarter worth approximately $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot during the 1st quarter worth approximately $28,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted its holdings 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 worth $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $32,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Robert W. Baird restated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Truist Financial lifted their price target 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. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Finally, StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

Check Out Our Latest Report on HD

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the 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 $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $342.87 on Monday. 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 12 month low of $274.26 and a 12 month high of $396.87. The company has a market cap of $339.79 billion, a P/E ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. The firm has a fifty day moving average price of $369.91 and a 200 day moving average price of $338.58.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating 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 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 firm posted $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Home Depot Company Profile

(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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