Keener Financial Planning LLC Takes $31,000 Position in The Home Depot, Inc. (NYSE:HD)

Keener Financial Planning LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 89 shares of the home improvement retailer’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Trust & Investment Management Co bought a new position in shares of Home Depot during the 4th quarter worth approximately $718,000. Toth Financial Advisory Corp lifted its holdings in Home Depot by 1.5% during the 4th quarter. Toth Financial Advisory Corp now owns 9,297 shares of the home improvement retailer’s stock valued at $3,222,000 after purchasing an additional 133 shares during the last quarter. Optas LLC lifted its holdings in Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after purchasing an additional 29 shares during the last quarter. Segment Wealth Management LLC boosted its position in Home Depot by 2.1% during the fourth quarter. Segment Wealth Management LLC now owns 44,242 shares of the home improvement retailer’s stock worth $15,332,000 after purchasing an additional 904 shares during the period. Finally, Bridgeworth LLC increased its holdings in shares of Home Depot by 0.6% in the fourth quarter. Bridgeworth LLC now owns 6,737 shares of the home improvement retailer’s stock valued at $2,335,000 after purchasing an additional 41 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction 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 document filed with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on 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 owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a report on Monday. Evercore ISI upped their price objective on Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $376.35.

Get Our Latest Analysis on Home Depot

Home Depot Stock Down 0.9 %

Shares of NYSE HD opened at $347.26 on Friday. The company has a 50 day simple moving average of $370.20 and a 200 day simple moving average of $337.82. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm has a market cap of $344.14 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.33 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm earned $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, 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 $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Home Depot Profile

(Free Report)

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.

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

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