Capital Insight Partners LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

Capital Insight Partners LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,683 shares of the home improvement retailer’s stock after buying an additional 328 shares during the quarter. Capital Insight Partners LLC’s holdings in Home Depot were worth $4,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot during the 4th quarter worth $35,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Guggenheim reissued a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $352.00 to $395.00 in a research note on Wednesday. Finally, Truist Financial cut their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Price Performance

Shares of NYSE HD opened at $344.24 on Friday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The company’s 50-day moving average is $338.51 and its 200 day moving average is $352.74. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the prior year, the business earned $3.82 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.