Mogy Joel R Investment Counsel Inc. Has $38.35 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mogy Joel R Investment Counsel Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 110,674 shares of the home improvement retailer’s stock after selling 2,150 shares during the period. Home Depot accounts for approximately 2.9% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 14th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Home Depot were worth $38,354,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Alliance Wealth Advisors LLC UT lifted its stake in shares of Home Depot by 1.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 10,207 shares of the home improvement retailer’s stock valued at $3,537,000 after acquiring an additional 164 shares during the last quarter. Meixler Investment Management Ltd. raised its position in Home Depot by 21.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 6,296 shares of the home improvement retailer’s stock worth $2,182,000 after purchasing an additional 1,112 shares during the last quarter. Valmark Advisers Inc. raised its position in Home Depot by 2.2% during the 4th quarter. Valmark Advisers Inc. now owns 9,179 shares of the home improvement retailer’s stock worth $3,181,000 after purchasing an additional 197 shares during the last quarter. Stuart Chaussee & Associates Inc. raised its position in Home Depot by 9.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 1,208 shares of the home improvement retailer’s stock worth $419,000 after purchasing an additional 100 shares during the last quarter. Finally, Addison Advisors LLC raised its position in Home Depot by 29.5% during the 4th quarter. Addison Advisors LLC now owns 3,974 shares of the home improvement retailer’s stock worth $1,377,000 after purchasing an additional 906 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’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 completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, 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. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Truist Financial restated a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. DA Davidson restated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Price Performance

Shares of HD traded up $3.11 during mid-day trading on Friday, reaching $335.09. 2,465,262 shares of the stock traded hands, compared to its average volume of 3,779,238. The firm has a fifty day moving average price of $364.77 and a 200 day moving average price of $340.68. The company has a market cap of $332.08 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.21 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 released its quarterly 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. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 EPS. As a group, equities research analysts predict 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 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%.

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.