The Home Depot, Inc. (NYSE:HD) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,942 shares of the home improvement retailer’s stock after selling 1,270 shares during the period. Koshinski Asset Management Inc.’s holdings in Home Depot were worth $2,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Ingalls & Snyder LLC grew its position in Home Depot by 10.9% during the fourth quarter. Ingalls & Snyder LLC now owns 79,977 shares of the home improvement retailer’s stock worth $27,716,000 after buying an additional 7,833 shares during the period. ORG Partners LLC grew its position in Home Depot by 3.9% during the fourth quarter. ORG Partners LLC now owns 6,105 shares of the home improvement retailer’s stock worth $2,118,000 after buying an additional 229 shares during the period. Seascape Capital Management grew its position in Home Depot by 28.6% during the fourth quarter. Seascape Capital Management now owns 1,256 shares of the home improvement retailer’s stock worth $435,000 after buying an additional 279 shares during the period. Live Oak Private Wealth LLC grew its position in Home Depot by 2.1% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,832 shares of the home improvement retailer’s stock worth $1,675,000 after buying an additional 100 shares during the period. Finally, NewEdge Wealth LLC grew its position in Home Depot by 14.9% during the fourth quarter. NewEdge Wealth LLC now owns 121,257 shares of the home improvement retailer’s stock worth $42,022,000 after buying an additional 15,764 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Truist Financial increased their price target on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Citigroup increased their price target on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on 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 owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $342.87 on Monday. 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 company has a market cap of $339.79 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm’s 50 day moving average is $369.91 and its two-hundred day moving average is $338.58.

Home Depot (NYSE:HD) last issued its 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. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm posted $3.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

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.