1,046 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Hill Island Financial LLC

Hill Island Financial LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,046 shares of the home improvement retailer’s stock, valued at approximately $362,000.

Several other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its holdings in Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after acquiring an additional 1,698,402 shares during the period. Northern Trust Corp increased its holdings in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares during the period. Norges Bank bought a new position in shares of Home Depot during the 4th quarter worth about $3,740,875,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after purchasing an additional 10,984,516 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Home Depot by 14.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

HD traded down $2.55 during trading hours on Thursday, hitting $383.34. 2,207,248 shares of the company’s stock were exchanged, compared to its average volume of 3,142,955. The stock has a market cap of $379.90 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 2.51 and a beta of 0.99. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock’s 50-day moving average is $367.86 and its two-hundred day moving average is $334.18. 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 announced 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 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 company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other 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 value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. Evercore ISI upped their target price on shares of Home Depot from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen upped their target price on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Robert W. Baird restated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Wedbush restated an “outperform” rating and issued a $380.00 price target on shares of Home Depot in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $368.76.

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.