Silver Oak Securities Incorporated Purchases 3,372 Shares of The Home Depot, Inc. (NYSE:HD)

Silver Oak Securities Incorporated grew its holdings in The Home Depot, Inc. (NYSE:HD) by 45.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,725 shares of the home improvement retailer’s stock after buying an additional 3,372 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Home Depot were worth $3,841,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HD. Wealth Group Ltd. boosted its position in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after buying an additional 27 shares in the last quarter. Tallon Kerry Patrick acquired a new position in shares of Home Depot in the 4th quarter worth approximately $281,000. Capital & Planning LLC grew its position in Home Depot by 110.2% during the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after acquiring an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock valued at $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Brighton Jones LLC raised its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $346.41 on Thursday. The stock has a 50-day moving average price of $362.86 and a two-hundred day moving average price of $381.18. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market capitalization of $344.65 billion, a PE ratio of 23.50, a P/E/G ratio of 3.32 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s payout ratio is currently 62.42%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Piper Sandler decreased their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

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.