Essex Savings Bank Buys 162 Shares of The Home Depot, Inc. (NYSE:HD)

Essex Savings Bank grew its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,331 shares of the home improvement retailer’s stock after acquiring an additional 162 shares during the period. Home Depot accounts for 1.8% of Essex Savings Bank’s holdings, making the stock its 10th largest position. Essex Savings Bank’s holdings in Home Depot were worth $6,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HD. VisionPoint Advisory Group LLC acquired a new position in shares of Home Depot in the second quarter valued at about $26,000. Fairfield Bush & CO. bought a new stake in Home Depot in the 1st quarter valued at about $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot during the 1st quarter worth approximately $28,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $32,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. Truist Financial raised their price objective on Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday. Guggenheim raised their price target on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus upped their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $376.35.

Check Out Our Latest Report on Home Depot

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on 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 owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’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 in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Home Depot Trading Down 1.4 %

Shares of NYSE HD opened at $363.00 on Wednesday. The firm has a 50 day moving average price of $369.63 and a two-hundred day moving average price of $335.67. The stock has a market cap of $359.74 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Home Depot Profile

(Free Report)

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 d├ęcor 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.

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

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