The Home Depot, Inc. (NYSE:HD) Shares Bought by Diligent Investors LLC

Diligent Investors LLC raised its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,975 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Diligent Investors LLC’s holdings in Home Depot were worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $4,325,629,000. Renaissance Technologies LLC acquired a new stake in shares of Home Depot in the first quarter worth approximately $563,524,000. Parnassus Investments LLC acquired a new stake in shares of Home Depot in the first quarter worth approximately $542,084,000. Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after buying an additional 1,361,660 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in Home Depot by 25,355.1% during the first quarter. Aaron Wealth Advisors LLC now owns 695,942 shares of the home improvement retailer’s stock worth $2,325,000 after buying an additional 693,208 shares during the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.9 %

NYSE:HD opened at $269.14 on Friday. The stock has a 50-day simple moving average of $299.46 and a 200-day simple moving average of $299.57. The stock has a market cap of $275.53 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 0.99. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18.

Home Depot (NYSE:HDGet Rating) last released 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 business had revenue of $43.79 billion during the quarter, compared to analysts’ expectations of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.53 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.82%. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.

Home Depot announced that its board has approved a stock buyback plan on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Truist Financial boosted their price objective on Home Depot from $375.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. DA Davidson boosted their price objective on Home Depot to $334.00 in a research note on Monday, August 22nd. Robert W. Baird boosted their price objective on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 16th. Guggenheim boosted their price objective on Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matt Carey sold 12,650 shares of the company’s 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 sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot 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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