The Home Depot, Inc. (NYSE:HD) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,184 shares of the home improvement retailer’s stock after purchasing an additional 935 shares during the period. Home Depot accounts for 0.5% of Linden Thomas Advisory Services LLC’s portfolio, making the stock its 24th biggest position. Linden Thomas Advisory Services LLC’s holdings in Home Depot were worth $2,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Community Bank & Trust Waco Texas raised its holdings in shares of Home Depot by 10.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 18,320 shares of the home improvement retailer’s stock worth $6,349,000 after purchasing an additional 1,670 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Home Depot by 36.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 9,168 shares of the home improvement retailer’s stock worth $3,177,000 after purchasing an additional 2,468 shares during the period. SlateStone Wealth LLC raised its holdings in shares of Home Depot by 11.4% during the fourth quarter. SlateStone Wealth LLC now owns 21,907 shares of the home improvement retailer’s stock worth $7,592,000 after purchasing an additional 2,245 shares during the period. Demars Financial Group LLC raised its holdings in shares of Home Depot by 9.5% during the fourth quarter. Demars Financial Group LLC now owns 1,747 shares of the home improvement retailer’s stock worth $605,000 after purchasing an additional 151 shares during the period. Finally, Stockman Wealth Management Inc. raised its holdings in shares of Home Depot by 1.1% during the fourth quarter. Stockman Wealth Management Inc. now owns 19,275 shares of the home improvement retailer’s stock worth $6,680,000 after purchasing an additional 203 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. HSBC restated a “reduce” rating and set a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Guggenheim restated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Price Performance

Shares of NYSE:HD traded up $3.08 during trading hours on Tuesday, hitting $339.19. 2,068,359 shares of the company’s stock traded hands, compared to its average volume of 3,329,390. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company’s fifty day simple moving average is $366.77 and its two-hundred day simple moving average is $340.19. The company has a market cap of $336.14 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal 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 paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.65%. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred 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 directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Home Depot

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.