Oak Thistle LLC Invests $678,000 in The Home Depot, Inc. (NYSE:HD)

Oak Thistle LLC purchased a new position in The Home Depot, Inc. (NYSE:HDFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,957 shares of the home improvement retailer’s stock, valued at approximately $678,000.

Other hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $26,000. Fairfield Bush & CO. bought a new position in shares of Home Depot during the 1st quarter worth approximately $27,000. KB Financial Partners LLC bought a new position in shares of Home Depot during the 1st quarter worth approximately $28,000. PFG Private Wealth Management LLC raised its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related 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 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 $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday. 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 research note on Monday. Guggenheim upped their price target on shares of Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Wells Fargo & Company upped their price target on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.35.

Read Our Latest Stock Analysis on Home Depot

Home Depot Stock Performance

Shares of NYSE HD opened at $363.00 on Wednesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market capitalization of $359.74 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The company’s fifty day moving average price is $369.63 and its 200 day moving average price is $335.67. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data 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 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the business earned $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.38 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed 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 is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Profile

(Free Report)

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 d├ęcor 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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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