Nisa Investment Advisors LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Nisa Investment Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,322 shares of the home improvement retailer’s stock after buying an additional 48,939 shares during the quarter. Home Depot comprises approximately 0.5% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Nisa Investment Advisors LLC’s holdings in Home Depot were worth $137,828,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HD. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter valued at $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot in the second quarter valued at $47,000. Finally, Quarry LP boosted its holdings in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after purchasing an additional 36 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 1.1 %

HD opened at $414.46 on Friday. The firm has a market capitalization of $411.71 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.41 and a beta of 1.05. The company’s 50 day simple moving average is $406.83 and its two-hundred day simple moving average is $389.47. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 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 return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.81 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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 company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

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.