Hamlin Capital Management LLC Has $80.79 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Hamlin Capital Management LLC grew its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,557 shares of the home improvement retailer’s stock after purchasing an additional 29,177 shares during the period. Home Depot comprises about 3.2% of Hamlin Capital Management LLC’s portfolio, making the stock its 19th largest position. Hamlin Capital Management LLC’s holdings in Home Depot were worth $80,788,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HD. Rowland & Co. Investment Counsel ADV raised its holdings in Home Depot by 23.2% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 39,792 shares of the home improvement retailer’s stock worth $14,457,000 after purchasing an additional 7,492 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $4,008,000. Rodgers Brothers Inc. raised its holdings in shares of Home Depot by 18.9% during the fourth quarter. Rodgers Brothers Inc. now owns 1,332 shares of the home improvement retailer’s stock worth $553,000 after acquiring an additional 212 shares during the period. Mmbg Investment Advisors CO. acquired a new stake in shares of Home Depot during the fourth quarter worth $2,648,000. Finally, Unigestion Holding SA raised its holdings in shares of Home Depot by 937.2% during the fourth quarter. Unigestion Holding SA now owns 6,576 shares of the home improvement retailer’s stock worth $2,729,000 after acquiring an additional 5,942 shares during the period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HD shares. Piper Sandler raised their price objective on shares of Home Depot to $327.00 in a report on Monday, August 22nd. Guggenheim raised their price objective on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Evercore ISI lowered their price target on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Robert W. Baird lifted their price target on shares of Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, August 16th. Finally, Morgan Stanley lifted their price target on shares of Home Depot from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Stock Performance

Shares of HD stock opened at $271.57 on Thursday. The company has a market capitalization of $278.01 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.51 and a beta of 0.99. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The company has a 50-day simple moving average of $299.86 and a 200 day simple moving average of $299.78. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.80%. The ex-dividend date was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is 46.71%.

Home Depot declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 18th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of Home Depot stock in a transaction dated 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 owns 6,180 shares in the company, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of Home Depot stock in a transaction dated 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 owns 6,180 shares in the company, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction dated 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 approximately $10,917,927.72. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Company Profile

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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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