Fiduciary Group LLC Sells 3,254 Shares of The Home Depot, Inc. (NYSE:HD)

Fiduciary Group LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,860 shares of the home improvement retailer's stock after selling 3,254 shares during the period. Home Depot comprises about 1.4% of Fiduciary Group LLC's investment portfolio, making the stock its 16th largest holding. Fiduciary Group LLC's holdings in Home Depot were worth $12,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optas LLC boosted its stake in shares of Home Depot by 1.7% in the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer's stock worth $607,000 after buying an additional 29 shares during the last quarter. Harvest Investment Advisors LLC boosted its stake in shares of Home Depot by 0.8% in the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer's stock worth $1,153,000 after buying an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. boosted its stake in shares of Home Depot by 0.3% in the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer's stock worth $3,778,000 after buying an additional 30 shares during the last quarter. CGC Financial Services LLC boosted its stake in shares of Home Depot by 4.3% in the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer's stock worth $250,000 after buying an additional 30 shares during the last quarter. Finally, Independent Investors Inc. lifted its stake in Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer's stock valued at $2,097,000 after purchasing an additional 30 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD traded up $3.11 during midday trading on Friday, hitting $335.09. The company had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock's fifty day moving average price is $364.77 and its 200-day moving average price is $341.27. The company has a market capitalization of $332.08 billion, a PE ratio of 22.19, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot's payout ratio is 59.60%.

Insider Buying and Selling

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 transaction of $13,265,887.81. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction dated 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 in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the 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 $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on HD shares. Bank of America upped their price objective on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Piper Sandler upgraded Home Depot from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. DA Davidson reiterated a "neutral" rating and issued a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. Guggenheim reiterated a "buy" rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Finally, StockNews.com upgraded Home Depot from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.96.

About Home Depot

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.