The Home Depot, Inc. (NYSE:HD) Shares Acquired by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,314 shares of the home improvement retailer’s stock after purchasing an additional 51 shares during the period. Home Depot accounts for 1.1% of Tealwood Asset Management Inc.’s portfolio, making the stock its 21st largest position. Tealwood Asset Management Inc.’s holdings in Home Depot were worth $2,422,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HD. Capital Research Global Investors grew its holdings in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the period. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter worth $4,311,070,000. Fisher Asset Management LLC raised its stake in shares of Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after acquiring an additional 82,672 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Wells Fargo & Company reduced their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Truist Financial lowered their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $377.46.

Check Out Our Latest Analysis on Home Depot

Home Depot Stock Performance

Home Depot stock traded up $2.36 during mid-day trading on Friday, reaching $355.80. The company’s stock had a trading volume of 6,596,539 shares, compared to its average volume of 3,061,367. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The business has a 50 day moving average price of $337.65 and a 200-day moving average price of $352.03. The firm has a market cap of $352.81 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.82 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Home Depot Company 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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