Fulton Bank N.A. Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Fulton Bank N.A. decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,213 shares of the home improvement retailer’s stock after selling 65 shares during the period. Fulton Bank N.A.’s holdings in Home Depot were worth $10,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the third quarter valued at $41,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter worth $46,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter worth $47,000. Finally, Quarry LP increased its holdings in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5 %

NYSE:HD traded up $1.84 during trading hours on Wednesday, hitting $386.07. The stock had a trading volume of 943,703 shares, compared to its average volume of 2,195,145. The company has a market cap of $383.51 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The business has a 50 day simple moving average of $406.45 and a two-hundred day simple moving average of $385.03. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $3.81 EPS. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.33%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.