Dorsey & Whitney Trust CO LLC Acquires 656 Shares of The Home Depot, Inc. (NYSE:HD)

Dorsey & Whitney Trust CO LLC increased its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,199 shares of the home improvement retailer’s stock after acquiring an additional 656 shares during the period. Home Depot comprises 1.8% of Dorsey & Whitney Trust CO LLC’s investment portfolio, making the stock its 6th biggest holding. Dorsey & Whitney Trust CO LLC’s holdings in Home Depot were worth $21,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Camden National Bank increased its stake in Home Depot by 9.7% in the 4th quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock valued at $681,000 after buying an additional 226 shares during the last quarter. Morgan Stanley increased its stake in Home Depot by 1.4% in the 2nd quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $3,669,058,000 after buying an additional 162,299 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in Home Depot by 0.5% in the 3rd quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock valued at $3,108,000 after buying an additional 46 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Home Depot by 25.1% in the 3rd quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock valued at $1,050,000 after buying an additional 642 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in Home Depot by 2.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 25,991 shares of the home improvement retailer’s stock valued at $8,532,000 after buying an additional 577 shares during the last quarter. Institutional investors own 69.52% of the company’s stock.

HD has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of Home Depot from $455.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Morgan Stanley cut their price objective on shares of Home Depot from $420.00 to $380.00 and set an “overweight” rating for the company in a report on Wednesday, February 23rd. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $406.00 to $365.00 in a report on Wednesday, February 23rd. Truist Financial cut their price objective on shares of Home Depot from $448.00 to $405.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Finally, OTR Global raised shares of Home Depot from a “mixed” rating to a “positive” rating in a report on Tuesday, February 15th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $387.08.

In related news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

NYSE:HD traded down $11.36 during trading hours on Friday, reaching $300.40. The company’s stock had a trading volume of 4,878,169 shares, compared to its average volume of 4,436,018. The firm has a market capitalization of $310.42 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.93 and a beta of 1.04. The firm has a 50-day simple moving average of $314.11 and a 200-day simple moving average of $357.54. The Home Depot, Inc. has a 1 year low of $293.59 and a 1 year high of $420.61. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.24 and a current ratio of 1.01.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.01. The company had revenue of $35.72 billion for the quarter, compared to analysts’ expectations of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, March 9th. This is a boost from Home Depot’s previous quarterly dividend of $1.65. Home Depot’s dividend payout ratio (DPR) is presently 48.97%.

About Home Depot (Get Rating)

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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