The Home Depot, Inc. (NYSE:HD) Shares Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,902 shares of the home improvement retailer’s stock after purchasing an additional 69 shares during the period. Home Depot makes up 2.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 11th biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Home Depot were worth $4,087,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HD. Mutual Advisors LLC grew its holdings in Home Depot by 3.6% during the 4th quarter. Mutual Advisors LLC now owns 21,733 shares of the home improvement retailer’s stock worth $9,019,000 after acquiring an additional 749 shares in the last quarter. Hilton Capital Management LLC grew its holdings in Home Depot by 17.3% during the 4th quarter. Hilton Capital Management LLC now owns 2,187 shares of the home improvement retailer’s stock worth $908,000 after acquiring an additional 322 shares in the last quarter. Trail Ridge Investment Advisors LLC acquired a new position in Home Depot during the 4th quarter worth $3,188,000. Fundsmith LLP grew its holdings in Home Depot by 7.6% during the 4th quarter. Fundsmith LLP now owns 159,643 shares of the home improvement retailer’s stock worth $66,253,000 after acquiring an additional 11,304 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Home Depot by 1.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 189,145 shares of the home improvement retailer’s stock worth $78,497,000 after acquiring an additional 2,308 shares in the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Raymond James raised their price target on shares of Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Guggenheim raised their price target on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Wedbush raised their price target on shares of Home Depot from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Finally, Piper Sandler raised their price target on shares of Home Depot to $327.00 in a research report on Monday, August 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Home Depot Stock Performance

Shares of HD opened at $274.17 on Wednesday. The firm’s 50 day moving average is $300.39 and its 200-day moving average is $300.50. The stock has a market capitalization of $280.68 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.51 and a beta of 0.99. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.10. The company had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.53 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 16.56 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is currently 46.71%.

Home Depot announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 18th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the sale, the executive vice president now owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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