Geller Advisors LLC Has $3.94 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Geller Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,722 shares of the home improvement retailer’s stock after selling 38 shares during the period. Home Depot comprises approximately 0.3% of Geller Advisors LLC’s holdings, making the stock its 26th largest holding. Geller Advisors LLC’s holdings in Home Depot were worth $3,939,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the third quarter worth $41,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter valued at $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.1 %

NYSE HD opened at $431.37 on Monday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $428.51 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03. The business’s 50-day moving average price is $410.60 and its two-hundred day moving average price is $375.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.81 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.09%. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Piper Sandler upped their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.