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

Mattern Capital Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,534 shares of the home improvement retailer’s stock after buying an additional 3,153 shares during the quarter. Home Depot comprises approximately 1.3% of Mattern Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Mattern Capital Management LLC’s holdings in Home Depot were worth $8,320,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HD. VisionPoint Advisory Group LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at about $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the first quarter valued at about $37,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. Truist Financial increased their target price on Home Depot from $356.00 to $387.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Telsey Advisory Group restated a “market perform” rating and set a $325.00 price objective on shares of Home Depot in a research note on Wednesday, November 15th. TD Cowen raised their price objective on Home Depot from $350.00 to $415.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada lowered their price objective on Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $351.31.

Read Our Latest Stock Analysis on Home Depot

Insider Activity

In other news, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total transaction of $421,451.25. Following the transaction, the chief accounting officer now directly owns 6,744 shares in the company, valued at approximately $2,067,103.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total transaction of $421,451.25. Following the transaction, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 127 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $307.07, for a total value of $38,997.89. Following the completion of the transaction, the executive vice president now owns 12,565 shares in the company, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,114 shares of company stock worth $966,456. 0.19% of the stock is owned by company insiders.

Home Depot Stock Performance

Home Depot stock traded down $4.45 during mid-day trading on Monday, hitting $352.78. 355,233 shares of the company’s stock traded hands, compared to its average volume of 2,981,575. The firm has a 50 day moving average price of $344.13 and a 200 day moving average price of $322.68. The company has a quick ratio of 0.33, a current ratio of 1.30 and a debt-to-equity ratio of 28.37. The company has a market cap of $351.11 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $362.96.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.06. The firm had revenue of $37.71 billion for the quarter, compared to the consensus estimate of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.24 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.05 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 53.66%.

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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