Opinicus Capital Inc. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Opinicus Capital Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,480 shares of the home improvement retailer’s stock after buying an additional 52 shares during the quarter. Home Depot comprises about 1.5% of Opinicus Capital Inc.’s portfolio, making the stock its 15th biggest position. Opinicus Capital Inc.’s holdings in Home Depot were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $41,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter worth about $46,000. Finally, Finley Financial LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $59,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Truist Financial upped their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

NYSE:HD opened at $407.39 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s fifty day simple moving average is $406.14 and its 200 day simple moving average is $394.24. The stock has a market cap of $404.68 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

About Home Depot

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.