Zurcher Kantonalbank Zurich Cantonalbank Buys 42,083 Shares of The Home Depot, Inc. (NYSE:HD)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Home Depot, Inc. (NYSE:HD) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 398,888 shares of the home improvement retailer’s stock after purchasing an additional 42,083 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Depot were worth $138,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HD. Fairfield Bush & CO. bought a new stake in Home Depot during the first quarter valued at about $27,000. KB Financial Partners LLC bought a new stake in Home Depot during the first quarter valued at about $28,000. Keener Financial Planning LLC bought a new stake in Home Depot during the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC raised its holdings in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Studio Investment Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $32,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD opened at $332.83 on Thursday. The company has a market capitalization of $329.84 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a 50 day moving average of $368.54 and a 200 day moving average of $339.01.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. Home Depot’s payout ratio is 59.60%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Telsey Advisory Group lifted their target price on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Royal Bank of Canada boosted their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Truist Financial restated a “buy” rating and set a $417.00 target price on shares of Home Depot in a research report on Wednesday. Finally, HSBC restated a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.