The Home Depot, Inc. (NYSE:HD) Shares Bought by Parker Financial LLC

Parker Financial LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 755 shares of the home improvement retailer’s stock after acquiring an additional 46 shares during the quarter. Parker Financial LLC’s holdings in Home Depot were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. BCK Partners Inc. purchased a new position in Home Depot in the 1st quarter worth approximately $2,933,000. Fairfield Bush & CO. purchased a new position in Home Depot in the 1st quarter worth approximately $27,000. Ergoteles LLC purchased a new position in Home Depot in the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. boosted its holdings in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after acquiring an additional 24,640 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD traded down $2.32 during midday trading on Thursday, reaching $383.57. 4,108,220 shares of the company traded hands, compared to its average volume of 3,174,438. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a 50-day moving average price of $368.47 and a 200 day moving average price of $334.54. 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 company has a market cap of $380.13 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.51 and a beta of 0.99.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the business earned $3.30 earnings per share. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada increased their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Stifel Nicolaus raised their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Evercore ISI raised their price target on shares of Home Depot from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $368.76.

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.