WealthBridge Capital Management LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

WealthBridge Capital Management LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,367 shares of the home improvement retailer’s stock after buying an additional 119 shares during the period. WealthBridge Capital Management LLC’s holdings in Home Depot were worth $413,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Congress Wealth Management LLC DE increased its position in shares of Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after purchasing an additional 3,162 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in Home Depot by 7.2% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 47,911 shares of the home improvement retailer’s stock valued at $14,883,000 after acquiring an additional 3,211 shares during the period. Psagot Value Holdings Ltd. Israel lifted its holdings in shares of Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares during the period. National Pension Service lifted its holdings in shares of Home Depot by 6.4% in the 2nd quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares during the period. Finally, Hoylecohen LLC lifted its holdings in shares of Home Depot by 3.6% in the 3rd quarter. Hoylecohen LLC now owns 10,351 shares of the home improvement retailer’s stock worth $3,128,000 after buying an additional 358 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE HD traded down $2.84 during midday trading on Friday, hitting $357.23. The stock had a trading volume of 3,697,782 shares, compared to its average volume of 2,893,983. The company has a market capitalization of $355.54 billion, a PE ratio of 22.93, a P/E/G ratio of 2.57 and a beta of 0.98. The stock has a 50 day simple moving average of $344.13 and a 200-day simple moving average of $322.62. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $362.96. The company has a quick ratio of 0.33, a current ratio of 1.30 and a debt-to-equity ratio of 28.37.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.06. The business had revenue of $37.71 billion for the quarter, compared to the consensus estimate of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $8.36 annualized dividend and a dividend yield of 2.34%. Home Depot’s dividend payout ratio (DPR) is presently 53.66%.

Analysts Set New Price Targets

HD has been the subject of several research reports. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Wedbush upgraded Home Depot from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $330.00 to $380.00 in a report on Wednesday, January 10th. Stifel Nicolaus boosted their price target on Home Depot from $306.00 to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, TD Cowen boosted their price target on Home Depot from $350.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $351.31.

Check Out Our Latest Research Report on HD

Insider Activity

In related news, EVP William D. Bastek sold 1,612 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the sale, the executive vice president now owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP William D. Bastek sold 1,612 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the sale, the executive vice president now owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 127 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $307.07, for a total value of $38,997.89. Following the completion of the sale, the executive vice president now directly owns 12,565 shares of the company’s stock, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. Insiders have sold a total of 3,114 shares of company stock worth $966,456 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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

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