Webster Bank N. A. Purchases 139 Shares of The Home Depot, Inc. (NYSE:HD)

Webster Bank N. A. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the first quarter, HoldingsChannel reports. The firm owned 20,538 shares of the home improvement retailer’s stock after purchasing an additional 139 shares during the quarter. Home Depot accounts for about 0.9% of Webster Bank N. A.’s holdings, making the stock its 28th largest holding. Webster Bank N. A.’s holdings in Home Depot were worth $7,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Bare Financial Services Inc bought a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC boosted its position in shares of 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 period. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.8 %

NYSE HD traded up $2.75 on Friday, reaching $344.24. The company had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. 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 fifty day moving average is $338.51 and its 200 day moving average is $352.60. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last released its quarterly 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 business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the firm posted $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Wells Fargo & Company dropped their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Truist Financial dropped their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $378.42.

Insider Activity

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

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.