The Home Depot, Inc. (NYSE:HD) Shares Purchased by Legacy Private Trust Co.

Legacy Private Trust Co. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,217 shares of the home improvement retailer’s stock after purchasing an additional 1,450 shares during the period. Legacy Private Trust Co.’s holdings in Home Depot were worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the fourth quarter worth about $28,000. Navigoe LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the fourth quarter valued at $32,000. Finally, Quarry LP increased its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Stifel Nicolaus raised Home Depot from a “hold” rating to a “buy” rating and increased their target price for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Gordon Haskett increased their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Truist Financial upped their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Finally, Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Stock Performance

Shares of HD stock opened at $368.08 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $365.88 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37. The company has a 50 day moving average price of $360.78 and a 200 day moving average price of $386.29.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the previous year, the company earned $3.63 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.