1,154 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Gimbal Financial

Gimbal Financial bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,154 shares of the home improvement retailer’s stock, valued at approximately $400,000. Home Depot makes up 0.4% of Gimbal Financial’s portfolio, making the stock its 26th largest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Garrison Asset Management LLC raised its position in shares of Home Depot by 26.2% during the 4th quarter. Garrison Asset Management LLC now owns 1,917 shares of the home improvement retailer’s stock worth $664,000 after buying an additional 398 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in shares of Home Depot by 125.9% in the fourth quarter. RWA Wealth Partners LLC now owns 112,341 shares of the home improvement retailer’s stock valued at $38,932,000 after acquiring an additional 62,619 shares in the last quarter. Summit Wealth & Retirement Planning Inc. increased its stake in shares of Home Depot by 15.2% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 1,594 shares of the home improvement retailer’s stock valued at $552,000 after acquiring an additional 210 shares during the period. Jennison Associates LLC raised its holdings in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. Finally, Telemus Capital LLC raised its holdings in Home Depot by 0.6% during the fourth quarter. Telemus Capital LLC now owns 39,573 shares of the home improvement retailer’s stock worth $13,714,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $336.84 on Tuesday. The business’s 50-day moving average is $366.77 and its 200-day moving average is $340.19. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market capitalization of $333.82 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 firm had revenue of $34.79 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $3.30 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders 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 dividend on an annualized basis and a yield of 2.67%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HD shares. Royal Bank of Canada lifted their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Bank of America raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Citigroup boosted their price target on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Truist Financial restated a “buy” rating and set a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Insiders Place Their Bets

In other news, 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 transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly 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 this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.