The Home Depot, Inc. (NYSE:HD) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,744 shares of the home improvement retailer’s stock after buying an additional 965 shares during the period. Equitable Trust Co.’s holdings in Home Depot were worth $11,570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HD. NORTHSTAR ASSET MANAGEMENT Co LLC grew its stake in shares of Home Depot by 0.6% in the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 12,258 shares of the home improvement retailer’s stock worth $4,768,000 after purchasing an additional 75 shares during the last quarter. Soltis Investment Advisors LLC increased its position in shares of Home Depot by 11.1% in the fourth quarter. Soltis Investment Advisors LLC now owns 4,346 shares of the home improvement retailer’s stock worth $1,691,000 after acquiring an additional 435 shares in the last quarter. Silicon Valley Capital Partners increased its position in shares of Home Depot by 3.1% in the fourth quarter. Silicon Valley Capital Partners now owns 23,718 shares of the home improvement retailer’s stock worth $9,226,000 after acquiring an additional 708 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Home Depot in the fourth quarter worth approximately $154,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $428.78.

Home Depot Stock Performance

Shares of NYSE HD opened at $414.25 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business’s 50 day moving average is $406.14 and its two-hundred day moving average is $394.55. The company has a market cap of $411.50 billion, a P/E ratio of 28.14, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.81 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. Company 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.