Transcend Capital Advisors LLC Sells 1,610 Shares of The Home Depot, Inc. (NYSE:HD)

Transcend Capital Advisors LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,454 shares of the home improvement retailer’s stock after selling 1,610 shares during the quarter. Home Depot accounts for approximately 0.8% of Transcend Capital Advisors LLC’s holdings, making the stock its 22nd largest position. Transcend Capital Advisors LLC’s holdings in Home Depot were worth $9,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Opinicus Capital Inc. bought a new position in shares of Home Depot during the 4th quarter valued at $1,184,000. Unique Wealth Strategies LLC bought a new position in shares of Home Depot during the 4th quarter valued at $876,000. Alliance Wealth Advisors LLC UT lifted its holdings in shares of Home Depot by 1.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 10,207 shares of the home improvement retailer’s stock valued at $3,537,000 after buying an additional 164 shares during the period. Meixler Investment Management Ltd. lifted its holdings in shares of Home Depot by 21.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 6,296 shares of the home improvement retailer’s stock valued at $2,182,000 after buying an additional 1,112 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in shares of Home Depot by 2.2% during the 4th quarter. Valmark Advisers Inc. now owns 9,179 shares of the home improvement retailer’s stock valued at $3,181,000 after buying an additional 197 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.9 %

Shares of NYSE:HD traded up $3.11 during trading on Friday, reaching $335.09. The company’s stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm’s 50 day simple moving average is $364.77 and its two-hundred day simple moving average is $340.68. The stock has a market capitalization of $332.08 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 EPS. On average, research analysts predict 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. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Telsey Advisory Group upped their price objective on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Robert W. Baird restated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus upped their price objective on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. 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. Based on data from MarketBeat, the company has an average 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.