Benin Management CORP Purchases 240 Shares of The Home Depot, Inc. (NYSE:HD)

Benin Management CORP grew its position in The Home Depot, Inc. (NYSE:HD) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,689 shares of the home improvement retailer’s stock after purchasing an additional 240 shares during the quarter. Benin Management CORP’s holdings in Home Depot were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HD. BCK Partners Inc. purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $2,933,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $27,000. Ergoteles LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $1,554,000. Equitable Holdings Inc. lifted its stake in shares of Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after buying an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after buying an additional 24,640 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Home Depot Price Performance

HD stock opened at $350.16 on Thursday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The firm’s fifty day moving average is $370.45 and its 200 day moving average is $337.76. The firm has a market cap of $347.01 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.41 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 EPS. Research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Wedbush increased their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. Finally, Truist Financial increased their target price on shares of Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $376.35.

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.