Lincoln National Corp Has $11.07 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Lincoln National Corp boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,930 shares of the home improvement retailer’s stock after acquiring an additional 276 shares during the period. Lincoln National Corp’s holdings in Home Depot were worth $11,066,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $35,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Home Depot during the third quarter worth about $41,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HD shares. Truist Financial reaffirmed a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research report on Wednesday, April 17th. Mizuho started coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. TD Cowen raised their target price on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.19.

Home Depot Trading Down 0.5 %

NYSE HD traded down $1.60 on Tuesday, hitting $340.69. The company’s stock had a trading volume of 2,891,956 shares, compared to its average volume of 3,344,839. The firm has a market cap of $337.63 billion, a PE ratio of 22.58, a PEG ratio of 2.28 and a beta of 1.01. The company’s 50-day moving average is $361.16 and its 200 day moving average is $343.16. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its 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 business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $3.30 EPS. As a group, 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. 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 is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Transactions at Home Depot

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

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.