The Home Depot, Inc. (NYSE:HD) Shares Bought by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,194 shares of the home improvement retailer’s stock after purchasing an additional 424 shares during the quarter. Home Depot accounts for 3.6% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 3rd largest position. Valley Brook Capital Group Inc.’s holdings in Home Depot were worth $4,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HD. Simon Quick Advisors LLC lifted its stake in Home Depot by 8.7% in the 3rd quarter. Simon Quick Advisors LLC now owns 6,031 shares of the home improvement retailer’s stock valued at $1,822,000 after buying an additional 484 shares in the last quarter. Mechanics Financial Corp boosted its stake in Home Depot by 2.0% in the 3rd quarter. Mechanics Financial Corp now owns 3,009 shares of the home improvement retailer’s stock worth $909,000 after buying an additional 60 shares during the last quarter. Horizon Bancorp Inc. IN increased its stake in shares of Home Depot by 187.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 497 shares of the home improvement retailer’s stock valued at $150,000 after acquiring an additional 324 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Home Depot by 2.9% during the 3rd quarter. Capital Advisors Inc. OK now owns 110,803 shares of the home improvement retailer’s stock worth $33,480,000 after acquiring an additional 3,152 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in Home Depot by 6.7% during the third quarter. Stratos Wealth Partners LTD. now owns 102,043 shares of the home improvement retailer’s stock worth $30,834,000 after purchasing an additional 6,403 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Guggenheim reiterated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Bank of America boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wedbush increased their target price on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Stock Performance

Shares of NYSE:HD traded up $7.32 on Friday, reaching $342.85. 4,165,054 shares of the company’s stock were exchanged, compared to its average volume of 3,606,830. The business’s 50-day moving average is $361.75 and its two-hundred day moving average is $342.77. 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 fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $339.77 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. 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 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 owned by corporate insiders.

Home Depot 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.