YHB Investment Advisors Inc. Has $13.38 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

YHB Investment Advisors Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,601 shares of the home improvement retailer’s stock after selling 2,750 shares during the quarter. Home Depot makes up about 1.3% of YHB Investment Advisors Inc.’s portfolio, making the stock its 19th largest holding. YHB Investment Advisors Inc.’s holdings in Home Depot were worth $13,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter worth approximately $31,000. Fairfield Bush & CO. acquired a new position in Home Depot in the 1st quarter valued at approximately $27,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. KB Financial Partners LLC acquired a new position in Home Depot in the 1st quarter valued at approximately $28,000. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 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 corporate insiders.

Home Depot Stock Down 1.3 %

Home Depot stock opened at $342.87 on Monday. The firm’s fifty day moving average price is $369.91 and its two-hundred day moving average price is $338.58. The firm has a market capitalization of $339.79 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. 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 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The company 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 1,339.65%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on HD. Robert W. Baird restated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Wells Fargo & Company upped 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. Truist Financial upped 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. Evercore ISI upped their price objective on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price objective on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $376.35.

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.