Oakworth Capital Inc. Buys 56 Shares of The Home Depot, Inc. (NYSE:HD)

Oakworth Capital Inc. lifted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,143 shares of the home improvement retailer’s stock after purchasing an additional 56 shares during the period. Oakworth Capital Inc.’s holdings in Home Depot were worth $2,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Personal Financial Services boosted its position in shares of Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 43 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in Home Depot during the 1st quarter worth $27,000. Grayhawk Investment Strategies Inc. acquired a new stake in Home Depot during the 2nd quarter worth $28,000. Mizuho Securities Co. Ltd. raised its stake in Home Depot by 119.5% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 49 shares during the period. Finally, Klaas Financial Asset Advisors LLC acquired a new stake in Home Depot during the 3rd quarter worth $41,000. 68.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Paula Santilli acquired 1,583 shares of Home Depot stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the acquisition, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. TheStreet raised Home Depot from a “c+” rating to a “b” rating in a research note on Tuesday, November 15th. Citigroup dropped their price objective on Home Depot from $348.00 to $340.00 in a research note on Monday, October 31st. Cowen raised their price objective on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 13th. Exane BNP Paribas downgraded Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price target on the stock. in a research note on Wednesday, October 19th. Finally, Truist Financial dropped their price target on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $341.24.

Home Depot Price Performance

NYSE:HD opened at $331.21 on Monday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $382.01. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The company has a market cap of $339.07 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.77 and a beta of 0.95. The stock’s 50-day simple moving average is $318.31 and its 200 day simple moving average is $300.87.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion during the quarter, compared to analysts’ expectations of $37.96 billion. During the same quarter last year, the company posted $3.92 earnings per share. Home Depot’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Wednesday, November 30th. Home Depot’s payout ratio is currently 45.81%.

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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