The Home Depot, Inc. (NYSE:HD) Shares Bought by Provident Trust Co.

Provident Trust Co. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 613,308 shares of the home improvement retailer’s stock after buying an additional 340 shares during the period. Home Depot accounts for approximately 4.4% of Provident Trust Co.’s investment portfolio, making the stock its 11th largest holding. Provident Trust Co.’s holdings in Home Depot were worth $212,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HD. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted 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 worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc purchased a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Quantbot Technologies LP purchased a new position in shares of Home Depot during the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wedbush increased their price objective on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. TD Cowen increased their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Truist Financial reaffirmed a “buy” rating and set a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.96.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.9 %

Shares of NYSE:HD traded up $3.11 on Friday, hitting $335.09. 2,465,262 shares of the company’s stock were exchanged, compared to its average volume of 3,779,238. The firm’s 50-day moving average is $364.77 and its 200 day moving average is $340.68. The company has a market capitalization of $332.08 billion, a PE ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is 59.60%.

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.