Community Bank N.A. Has $3.82 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Community Bank N.A. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,033 shares of the home improvement retailer’s stock after selling 838 shares during the period. Community Bank N.A.’s holdings in Home Depot were worth $3,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC lifted its position in shares of 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 buying an additional 32 shares during the last quarter. Gilfoyle & Co LLC bought a new position in Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc bought a new position in Home Depot in the third quarter valued at about $41,000. Finally, Quantbot Technologies LP bought a new position in Home Depot in the third quarter valued at about $64,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on 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 sale, the executive vice president now 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. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on HD shares. Stifel Nicolaus increased their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Royal Bank of Canada increased 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. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. Finally, Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Trading Down 1.8 %

HD stock traded down $6.11 during mid-day trading on Wednesday, reaching $332.89. The company’s stock had a trading volume of 4,027,485 shares, compared to its average volume of 3,358,525. The company has a market cap of $329.90 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The business’s 50 day moving average price is $365.90 and its 200 day moving average price is $340.46. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business 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 for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

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

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.