ICW Investment Advisors LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

ICW Investment Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,618 shares of the home improvement retailer’s stock after buying an additional 65 shares during the quarter. Home Depot comprises about 1.8% of ICW Investment Advisors LLC’s portfolio, making the stock its 10th largest position. ICW Investment Advisors LLC’s holdings in Home Depot were worth $2,654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HD. First Personal Financial Services increased its holdings in Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 43 shares during the period. Fairfield Bush & CO. bought a new stake in shares of Home Depot during the 1st quarter valued at approximately $27,000. Grayhawk Investment Strategies Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at approximately $28,000. Mizuho Securities Co. Ltd. grew its holdings in shares of Home Depot by 119.5% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 49 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at approximately $41,000. 68.31% of the stock is owned by institutional investors.

Home Depot Stock Up 0.7 %

Home Depot stock opened at $317.69 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $374.67. The firm’s fifty day moving average is $320.86 and its 200 day moving average is $302.94. The company has a market capitalization of $325.23 billion, a PE ratio of 19.15, a PEG ratio of 1.69 and a beta of 0.95.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The firm had revenue of $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. During the same quarter in the prior year, the business posted $3.92 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio (DPR) is presently 45.81%.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Paula Santilli purchased 1,583 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were purchased at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the sale, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. MKM Partners decreased their price target on shares of Home Depot from $330.00 to $312.00 in a report on Wednesday, November 9th. Citigroup decreased their price target on shares of Home Depot from $348.00 to $340.00 in a report on Monday, October 31st. Wedbush cut their target price on shares of Home Depot to $280.00 in a research report on Wednesday, November 16th. Cowen lifted their target price on shares of Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 13th. Finally, Piper Sandler cut their target price on shares of Home Depot from $327.00 to $323.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 16th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.24.

About Home Depot

(Get Rating)

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Recommended Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.