Graypoint LLC Has $5.04 Million Stake in The Home Depot, Inc. (NYSE:HD)

Graypoint LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,945 shares of the home improvement retailer’s stock after buying an additional 457 shares during the quarter. Graypoint LLC’s holdings in Home Depot were worth $5,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter valued at $41,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter worth about $47,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after buying an additional 36 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $2.92 during trading on Friday, hitting $390.12. 5,320,673 shares of the company were exchanged, compared to its average volume of 3,050,672. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a 50 day moving average of $406.19 and a 200 day moving average of $385.06. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $387.53 billion, a PE ratio of 26.50, a P/E/G ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.