The Home Depot, Inc. (NYSE:HD) Stock Position Increased by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1,232.7% in the fourth quarter, HoldingsChannel reports. The firm owned 196,753 shares of the home improvement retailer’s stock after acquiring an additional 181,990 shares during the period. Home Depot makes up about 4.5% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 4th biggest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Home Depot were worth $68,185,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HD. Northern Trust Corp grew its holdings in shares of Home Depot by 1.3% during the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after buying an additional 153,141 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares during the last quarter. California Public Employees Retirement System raised its holdings in Home Depot by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after acquiring an additional 346,641 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Home Depot by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock worth $750,448,000 after purchasing an additional 17,224 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after purchasing an additional 421,619 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 2.2 %

Shares of HD opened at $342.85 on Friday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a 50-day moving average price of $361.75 and a 200 day moving average price of $342.08. The company has a market capitalization of $339.77 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.23 and a beta of 1.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.63%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is presently 59.60%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated 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 directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. TD Cowen raised their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Truist Financial reaffirmed a “buy” rating and set a $417.00 price target on shares of Home Depot in a research report on Wednesday, April 17th. Evercore ISI cut their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Company 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.