Lyell Wealth Management LP Purchases 1,665 Shares of The Home Depot, Inc. (NYSE:HD)

Lyell Wealth Management LP grew its position in The Home Depot, Inc. (NYSE:HD) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 41,904 shares of the home improvement retailer’s stock after buying an additional 1,665 shares during the quarter. Home Depot comprises approximately 1.7% of Lyell Wealth Management LP’s holdings, making the stock its 16th biggest position. Lyell Wealth Management LP’s holdings in Home Depot were worth $14,522,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bailard Inc. increased its position in Home Depot by 0.6% during the fourth quarter. Bailard Inc. now owns 83,026 shares of the home improvement retailer’s stock worth $28,773,000 after acquiring an additional 493 shares during the period. BIP Wealth LLC increased its position in Home Depot by 8.7% during the fourth quarter. BIP Wealth LLC now owns 16,796 shares of the home improvement retailer’s stock worth $5,821,000 after acquiring an additional 1,351 shares during the period. Retirement Solution Inc. bought a new position in Home Depot during the fourth quarter worth $235,000. Tokio Marine Asset Management Co. Ltd. increased its position in Home Depot by 4.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,145 shares of the home improvement retailer’s stock worth $7,674,000 after acquiring an additional 918 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in Home Depot by 1.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 75,218 shares of the home improvement retailer’s stock worth $26,067,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 1.8 %

Shares of HD traded down $6.11 on Wednesday, hitting $332.89. The company’s stock had a trading volume of 4,027,485 shares, compared to its average volume of 3,358,525. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm’s fifty day moving average price is $365.90 and its 200-day moving average price is $340.46. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $329.90 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.24 and a beta of 0.98.

Home Depot (NYSE:HD) last issued 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 return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the firm earned $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Finally, Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.