WD Rutherford LLC Sells 145 Shares of The Home Depot, Inc. (NYSE:HD)

WD Rutherford LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 11,197 shares of the home improvement retailer’s stock after selling 145 shares during the period. Home Depot makes up about 2.4% of WD Rutherford LLC’s investment portfolio, making the stock its 15th biggest holding. WD Rutherford LLC’s holdings in Home Depot were worth $3,994,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. First Fiduciary Investment Counsel Inc. boosted its position in shares of Home Depot by 1.5% during the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 3,597 shares of the home improvement retailer’s stock valued at $1,247,000 after buying an additional 52 shares during the last quarter. Bryn Mawr Capital Management LLC boosted its position in shares of Home Depot by 4.9% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 51,650 shares of the home improvement retailer’s stock valued at $17,899,000 after buying an additional 2,423 shares during the last quarter. Silver Oak Advisory Group Inc. purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $204,000. Stanley Laman Group Ltd. purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $306,000. Finally, Motley Fool Asset Management LLC boosted its position in shares of Home Depot by 3.9% during the fourth quarter. Motley Fool Asset Management LLC now owns 30,239 shares of the home improvement retailer’s stock valued at $10,479,000 after buying an additional 1,138 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred 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 completion of 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 is available at this link. Also, 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, 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 company insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $335.01 on Friday. The firm has a market capitalization of $332.00 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. 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 stock’s 50-day simple moving average is $364.77 and its two-hundred day simple moving average is $340.68. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the business earned $3.30 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s dividend payout ratio is currently 59.60%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Guggenheim reissued a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.