CHICAGO TRUST Co NA Acquires 32 Shares of The Home Depot, Inc. (NYSE:HD)

CHICAGO TRUST Co NA lifted its position in The Home Depot, Inc. (NYSE:HD) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,017 shares of the home improvement retailer’s stock after purchasing an additional 32 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Home Depot were worth $3,305,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the fourth quarter worth about $28,000. Navigoe LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $32,000. Quarry LP increased its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot during the fourth quarter worth approximately $39,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $367.45 on Monday. The business’s fifty day simple moving average is $361.63 and its 200-day simple moving average is $384.44. The company has a market cap of $365.59 billion, a PE ratio of 24.96, a PEG ratio of 4.03 and a beta of 1.02. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 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 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Insider Transactions at Home Depot

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

Analyst Ratings Changes

HD has been the topic of several analyst reports. Robert W. Baird reduced their price objective on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Truist Financial boosted their price objective on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Home Depot Company 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.