The Home Depot, Inc. (NYSE:HD) Shares Acquired by Garrison Asset Management LLC

Garrison Asset Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,917 shares of the home improvement retailer’s stock after purchasing an additional 398 shares during the quarter. Garrison Asset Management LLC’s holdings in Home Depot were worth $664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC boosted its position in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter worth $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the 3rd quarter worth $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Home Depot in the 3rd quarter worth $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $336.11 on Tuesday. The company has a market cap of $333.09 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The stock has a 50-day moving average of $366.77 and a 200-day moving average of $340.19. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 1,452.22% and a net margin of 9.92%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Stifel Nicolaus boosted their price objective on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Truist Financial reaffirmed a “buy” rating and set a $417.00 target price on shares of Home Depot in a research report on Wednesday, April 17th. Finally, Mizuho began coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Transactions at Home Depot

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

About Home Depot

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.