The Home Depot, Inc. (NYSE:HD) Shares Acquired by First American Trust FSB

First American Trust FSB grew its position in The Home Depot, Inc. (NYSE:HD) by 45.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,780 shares of the home improvement retailer’s stock after acquiring an additional 867 shares during the quarter. First American Trust FSB’s holdings in Home Depot were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the first quarter worth $28,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $32,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on HD. Truist Financial raised their target price on Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a report on Monday, April 1st. TD Cowen raised their target price on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. HSBC reissued a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Wedbush raised their target price on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and raised their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.9 %

Home Depot stock opened at $334.83 on Wednesday. The stock has a market cap of $331.82 billion, a PE ratio of 22.17, a P/E/G ratio of 2.25 and a beta of 0.98. The stock has a 50-day moving average price of $369.14 and a 200 day moving average price of $339.05. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. 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 dividend payout ratio (DPR) is presently 59.60%.

About Home Depot

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.