The Home Depot, Inc. (NYSE:HD) Shares Purchased by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd raised its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 162.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,498 shares of the home improvement retailer’s stock after buying an additional 4,640 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Home Depot were worth $2,598,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Bare Financial Services Inc purchased a new position in Home Depot in the fourth quarter valued at approximately $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC lifted its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot in the fourth quarter valued at $35,000. Finally, Advantage Trust Co purchased a new position in shares of Home Depot during the fourth quarter worth about $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. TD Cowen reduced their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Finally, Citigroup decreased their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Read Our Latest Report on HD

Home Depot Price Performance

Shares of NYSE HD traded up $3.59 on Tuesday, hitting $328.69. The company’s stock had a trading volume of 993,159 shares, compared to its average volume of 3,370,607. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock has a 50 day moving average of $349.61 and a 200-day moving average of $348.56. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $325.93 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating 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 analysts’ expectations of $36.65 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.31 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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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