Oak Thistle LLC Takes $678,000 Position in The Home Depot, Inc. (NYSE:HD)

Oak Thistle LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,957 shares of the home improvement retailer’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Norges Bank bought a new stake in shares of Home Depot during the fourth quarter valued at about $3,740,875,000. Moneta Group Investment Advisors LLC increased its position in shares of Home Depot by 105,205.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares during the period. Comerica Bank bought a new stake in shares of Home Depot during the second quarter valued at about $7,703,690,000. Imprint Wealth LLC increased its position in shares of Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock worth $241,323,000 after purchasing an additional 2,405,473 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Home Depot in the first quarter worth approximately $563,524,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $363.00 on Wednesday. The stock has a market cap of $359.74 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The firm’s fifty day simple moving average is $369.63 and its 200 day simple moving average is $335.67. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. 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:HDGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.38 EPS for the current year.

Home Depot Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Robert W. Baird restated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday. HSBC lowered Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price for the company. in a research note on Wednesday, February 21st. Finally, Truist Financial upped their target price on Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $376.35.

Read Our Latest Analysis on Home Depot

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on 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 owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value 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 approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Home Depot Company 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.

See Also

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

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