October 1, 2022

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The Home Depot, Inc. (NYSE:HD) Shares Sold by Westbourne Investment Advisors Inc.

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Westbourne Investment Advisors Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,849 shares of the home improvement retailer’s stock after selling 865 shares during the quarter. The Home Depot accounts for approximately 2.5% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 13th biggest position. Westbourne Investment Advisors Inc.’s holdings in The Home Depot were worth $4,210,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HD. Jensen Investment Management Inc. acquired a new stake in shares of The Home Depot during the 3rd quarter worth about $224,716,000. AJO LP increased its position in shares of The Home Depot by 1,377.3% during the 3rd quarter. AJO LP now owns 598,261 shares of the home improvement retailer’s stock worth $166,142,000 after purchasing an additional 557,765 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of The Home Depot by 139.2% during the 3rd quarter. Acadian Asset Management LLC now owns 818,182 shares of the home improvement retailer’s stock worth $227,215,000 after purchasing an additional 476,103 shares during the last quarter. Morgan Stanley boosted its holdings in The Home Depot by 5.0% during the 3rd quarter. Morgan Stanley now owns 9,970,350 shares of the home improvement retailer’s stock valued at $2,768,863,000 after acquiring an additional 470,651 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in The Home Depot by 37.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,690,406 shares of the home improvement retailer’s stock valued at $469,276,000 after acquiring an additional 459,661 shares during the period. 68.71% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Ann Marie Campbell sold 120 shares of the stock in a transaction on Friday, November 20th. The shares were sold at an average price of $269.03, for a total transaction of $32,283.60. Following the completion of the sale, the executive vice president now owns 46,611 shares in the company, valued at approximately $12,539,757.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Edward P. Decker sold 25,595 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the sale, the chief operating officer now owns 97,352 shares of the company’s stock, valued at approximately $26,226,628.80. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on HD shares. BNP Paribas started coverage on The Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 target price for the company. DA Davidson lowered their target price on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a report on Wednesday, November 18th. Wedbush cut The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the company from $300.00 to $315.00 in a report on Monday, November 16th. Finally, Guggenheim upgraded The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a report on Wednesday, January 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $293.25.

Shares of NYSE:HD opened at $284.00 on Friday. The stock has a market cap of $305.75 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.13 and a beta of 1.03. The firm has a fifty day moving average price of $268.95 and a 200 day moving average price of $273.07. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.08 by $0.10. The firm had revenue of $33.54 billion during the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. During the same quarter in the prior year, the business earned $2.53 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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