The Home Depot, Inc. (NYSE:HD) Shares Acquired by Hemenway Trust Co LLC

Hemenway Trust Co LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,920 shares of the home improvement retailer’s stock after acquiring an additional 441 shares during the period. Home Depot makes up about 3.2% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 11th largest position. Hemenway Trust Co LLC’s holdings in Home Depot were worth $39,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Perennial Investment Advisors LLC grew its holdings in shares of Home Depot by 2.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 3,641 shares of the home improvement retailer’s stock worth $1,417,000 after acquiring an additional 84 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in shares of Home Depot in the 4th quarter valued at $101,000. Dempze Nancy E increased its stake in Home Depot by 1.3% in the 4th quarter. Dempze Nancy E now owns 11,895 shares of the home improvement retailer’s stock worth $4,627,000 after purchasing an additional 155 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Home Depot during the 4th quarter worth about $116,745,000. Finally, Pioneer Trust Bank N A OR lifted its stake in Home Depot by 6.4% during the fourth quarter. Pioneer Trust Bank N A OR now owns 710 shares of the home improvement retailer’s stock valued at $276,000 after buying an additional 43 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $353.78 on Friday. 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 firm has a fifty day simple moving average of $384.89 and a 200-day simple moving average of $398.15. The stock has a market capitalization of $351.67 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HD. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Guggenheim reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Piper Sandler reduced their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Finally, Truist Financial reduced their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $435.85.

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.