Avalon Trust Co Acquires 69 Shares of The Home Depot, Inc. (NYSE:HD)

Avalon Trust Co increased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,494 shares of the home improvement retailer’s stock after acquiring an additional 69 shares during the period. Avalon Trust Co’s holdings in Home Depot were worth $518,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HD. Robeco Institutional Asset Management B.V. grew its stake in Home Depot by 3.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 449,403 shares of the home improvement retailer’s stock valued at $135,792,000 after purchasing an additional 14,178 shares during the period. Xponance Inc. boosted its holdings in shares of Home Depot by 0.5% in the 3rd quarter. Xponance Inc. now owns 240,310 shares of the home improvement retailer’s stock worth $72,612,000 after buying an additional 1,279 shares during the last quarter. Joel Isaacson & Co. LLC grew its position in Home Depot by 0.7% during the third quarter. Joel Isaacson & Co. LLC now owns 12,577 shares of the home improvement retailer’s stock valued at $3,800,000 after buying an additional 82 shares during the period. Pinnacle Associates Ltd. increased its holdings in Home Depot by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 148,341 shares of the home improvement retailer’s stock worth $44,823,000 after buying an additional 569 shares during the last quarter. Finally, Ledge Wealth Management Inc. raised its position in Home Depot by 10.5% in the third quarter. Ledge Wealth Management Inc. now owns 5,993 shares of the home improvement retailer’s stock worth $1,811,000 after acquiring an additional 571 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

NYSE HD traded up $7.32 during trading hours on Friday, reaching $342.85. 4,165,054 shares of the stock traded hands, compared to its average volume of 3,606,830. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $361.75 and a two-hundred day simple moving average of $342.08. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

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

Home Depot Increases Dividend

The firm 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. This represents a $9.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Telsey Advisory Group lifted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. HSBC reissued a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada boosted their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

About Home Depot

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.