The Home Depot, Inc. (NYSE:HD) Shares Acquired by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,759 shares of the home improvement retailer’s stock after buying an additional 72 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Home Depot were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Optas LLC grew its holdings in Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after purchasing an additional 29 shares during the period. Harvest Investment Advisors LLC boosted its holdings in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares during the period. Armstrong Henry H Associates Inc. boosted its holdings in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares during the period. CGC Financial Services LLC boosted its holdings in shares of Home Depot by 4.3% in the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 30 shares during the period. Finally, Independent Investors Inc. boosted its holdings in shares of Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.4 %

Shares of NYSE HD opened at $337.93 on Tuesday. The company has a 50 day simple moving average of $369.56 and a 200 day simple moving average of $338.82. The firm has a market cap of $334.90 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the business earned $3.30 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.66%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a report on Monday, April 1st. Telsey Advisory Group boosted their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. DA Davidson reaffirmed a “neutral” rating and set a $370.00 price target on shares of Home Depot in a research report on Monday, April 1st. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

Insider Buying and Selling at Home Depot

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 transaction of $13,265,887.81. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction 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 approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Company 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.