Intrust Bank NA Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Intrust Bank NA cut its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,351 shares of the home improvement retailer’s stock after selling 287 shares during the quarter. Intrust Bank NA’s holdings in Home Depot were worth $3,934,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $35,000. Briaud Financial Planning Inc purchased a new stake in Home Depot in the third quarter valued at approximately $41,000. Finally, Quantbot Technologies LP purchased a new stake in Home Depot in the third quarter valued at approximately $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5 %

HD traded up $1.71 during trading on Monday, reaching $336.80. 2,427,301 shares of the stock traded hands, compared to its average volume of 3,332,047. The stock has a market cap of $333.78 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth 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. 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 stock’s 50-day simple moving average is $364.77 and its two-hundred day simple moving average is $341.27.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.67%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Insider Activity at Home Depot

In other Home Depot news, 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HD shares. TD Cowen boosted their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Truist Financial restated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Finally, Wedbush upped their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

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.