The Home Depot, Inc. (NYSE:HD) Shares Bought by McAdam LLC

McAdam LLC grew its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,201 shares of the home improvement retailer’s stock after purchasing an additional 58 shares during the quarter. McAdam LLC’s holdings in Home Depot were worth $331,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Home Depot in the first quarter worth about $563,524,000. Public Investment Fund acquired a new stake in Home Depot in the second quarter worth about $450,346,000. Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Home Depot by 334.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 553,390 shares of the home improvement retailer’s stock worth $165,646,000 after purchasing an additional 425,968 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Home Depot by 19.8% in the second quarter. Franklin Resources Inc. now owns 2,468,341 shares of the home improvement retailer’s stock worth $676,992,000 after purchasing an additional 408,299 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.

Insider Activity at Home Depot

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HD. Guggenheim reduced their price objective on shares of Home Depot to $335.00 in a report on Thursday, November 17th. Cowen upped their price target on shares of Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a report on Tuesday, December 13th. Piper Sandler cut their price target on shares of Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a report on Wednesday, November 16th. Truist Financial cut their price target on shares of Home Depot from $400.00 to $382.00 and set a “buy” rating for the company in a report on Wednesday, November 16th. Finally, Credit Suisse Group assumed coverage on shares of Home Depot in a report on Tuesday, December 20th. They issued a “neutral” rating and a $335.00 price target for the company. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $341.24.

Home Depot Stock Performance

NYSE:HD opened at $315.47 on Friday. The stock has a fifty day moving average price of $314.29 and a 200-day moving average price of $298.82. The company has a market cap of $322.95 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $409.07.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a $1.90 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot’s dividend payout ratio is presently 45.81%.

Home Depot Company Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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