Bank of Marin Has $921,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Bank of Marin reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 2,274 shares of the home improvement retailer’s stock after selling 37 shares during the period. Bank of Marin’s holdings in Home Depot were worth $921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp lifted its stake in shares of Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after purchasing an additional 623 shares during the last quarter. M&G Plc acquired a new stake in shares of Home Depot during the first quarter valued at about $68,129,000. First Foundation Advisors increased its stake in shares of Home Depot by 5.0% in the first quarter. First Foundation Advisors now owns 11,278 shares of the home improvement retailer’s stock valued at $4,326,000 after buying an additional 542 shares during the period. Finally, Councilmark Asset Management LLC bought a new position in Home Depot in the 1st quarter valued at approximately $6,296,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.1 %

HD stock traded down $0.59 during midday trading on Friday, reaching $405.13. 506,440 shares of the company’s stock traded hands, compared to its average volume of 3,368,794. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s fifty day moving average price is $398.55 and its 200-day moving average price is $365.84. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56. The company has a market cap of $402.41 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the company earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.06 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Truist Financial boosted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus raised their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.