The Home Depot, Inc. (NYSE:HD) Shares Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,436 shares of the home improvement retailer’s stock after acquiring an additional 265 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Home Depot were worth $948,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $46,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $47,000. Finally, Quarry LP grew its stake in Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 0.1 %

NYSE HD traded down $0.20 on Monday, hitting $388.98. 3,089,626 shares of the stock were exchanged, compared to its average volume of 2,338,175. The company has a market cap of $386.40 billion, a PE ratio of 26.43, a PEG ratio of 2.90 and a beta of 1.05. The company has a 50-day moving average price of $406.94 and a 200-day moving average price of $384.58. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.81 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio is currently 61.14%.

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.