C2C Wealth Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,424 shares of the home improvement retailer’s stock, valued at approximately $ 2,666,000.
A number of other institutional investors have also modified their holdings of the stock. Camden National Bank grew its holdings in shares of Home Depot by 9.7% in the 4th quarter. Camden National Bank now owns 2,563 shares of home improvement retailer’s stock valued at $ 681,000 after acquiring an additional 226 shares in the last quarter. Morgan Stanley grew its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $ 3,669,058,000 after acquiring an additional 162,299 shares in the last quarter. Keudell Morrison Wealth Management grew its holdings in shares of Home Depot by 0.5% in the 3rd quarter. Keudell Morrison Wealth Management now owns 9,467 shares of home improvement retailer’s stock valued at $ 3,108,000 after acquiring an additional 46 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Home Depot by 25.1% in the 3rd quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock valued at $ 1,050,000 after acquiring an additional 642 shares in the last quarter. Finally, EagleClaw Capital Managment LLC grew its holdings in shares of Home Depot by 5.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 40,517 shares of the home improvement retailer’s stock valued at $ 13,301,000 after acquiring an additional 2,023 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.
HD has been the subject of a number of research analyst reports. Raymond James reduced their price target on Home Depot from $ 350.00 to $ 340.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. The Goldman Sachs Group reduced their price target on Home Depot from $ 413.00 to $ 402.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Morgan Stanley reduced their price target on Home Depot from $ 420.00 to $ 380.00 and set an “overweight” rating for the company in a report on Wednesday, February 23rd. OTR Global downgraded shares of Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Finally, Truist Financial cut their price objective on shares of Home Depot from $ 405.00 to $ 375.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $ 373.86.
In other news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $ 288.03, for a total transaction of $ 3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares in the company, valued at approximately $ 14,739,935.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $ 289.23, for a total transaction of $ 39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $ 3,248,052.90. The disclosure for this sale can be found here. Insiders sold a total of 11,933 shares of company stock valued at $ 3,448,197 over the last ninety days. 0.17% of the stock is currently owned by insiders.
Shares of HD opened at $ 273.46 on Friday. The firm’s fifty day simple moving average is $ 298.72 and its two-hundred day simple moving average is $ 338.34. The Home Depot, Inc. has a 12 month low of $ 269.73 and a 12 month high of $ 420.61. The stock has a market capitalization of $ 281.05 billion, a P / E ratio of 17.36, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47.
Home Depot (NYSE: HD – Get Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $ 4.09 earnings per share for the quarter, beating the consensus estimate of $ 3.67 by $ 0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The firm had revenue of $ 38.91 billion for the quarter, compared to analyst estimates of $ 36.78 billion. During the same quarter in the prior year, the business earned $ 3.86 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a $ 1.90 dividend. This represents a $ 7.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.
Home Depot Company Profile: (Get Rating)
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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