Dakota Community Bank & Trust NA Raises Position in The Home Depot, Inc. (NYSE:HD)

Dakota Community Bank & Trust NA increased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386 shares of the home improvement retailer’s stock after purchasing an additional 30 shares during the period. Dakota Community Bank & Trust NA’s holdings in Home Depot were worth $150,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its position in shares of Home Depot by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock worth $13,121,000 after purchasing an additional 6,163 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Home Depot by 11.1% in the second quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock valued at $26,477,000 after purchasing an additional 7,702 shares during the period. Sei Investments Co. boosted its holdings in Home Depot by 4.0% during the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock worth $82,293,000 after buying an additional 9,131 shares in the last quarter. Kiely Wealth Advisory Group Inc. grew its position in Home Depot by 6.0% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 742 shares of the home improvement retailer’s stock worth $258,000 after buying an additional 42 shares during the period. Finally, Summit Trail Advisors LLC increased its holdings in Home Depot by 35.9% in the second quarter. Summit Trail Advisors LLC now owns 17,438 shares of the home improvement retailer’s stock valued at $6,003,000 after buying an additional 4,607 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

Shares of NYSE:HD opened at $409.42 on Friday. The stock has a 50-day simple moving average of $406.51 and a 200-day simple moving average of $387.45. The stock has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm earned $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein assumed 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. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Finally, Guggenheim upped their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Read Our Latest Stock Report on HD

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction 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. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is owned by company insiders.

Home Depot Company 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 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.

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

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