Hanson & Doremus Investment Management Raises Holdings in The Home Depot, Inc. (NYSE:HD)

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Hanson & Doremus Investment Management boosted its stake in shares of The Home Depot, Inc. (NYSE: HDGet Rating) by 136.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,877 shares of the home improvement retailer’s stock after acquiring an additional 1,082 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Home Depot were worth $ 562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Rinkey Investments bought a new position in Home Depot during the 4th quarter valued at approximately $ 25,000. Shore Point Advisors LLC bought a new position in Home Depot during the 4th quarter valued at approximately $ 26,000. Barnett & Company Inc. raised its position in Home Depot by 173.1% during the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $ 30,000 after purchasing an additional 45 shares during the last quarter. Retirement Group LLC raised its position in Home Depot by 111.1% during the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $ 39,000 after purchasing an additional 50 shares during the last quarter. Finally, Family CFO Inc bought a new position in shares of Home Depot in the 4th quarter worth approximately $ 42,000. Institutional investors own 70.61% of the company’s stock.

In related news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $ 289.23, for a total value of $ 39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $ 3,248,052.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $ 288.03, for a total value of $ 3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at $ 14,739,935.25. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Several research analysts have recently issued reports on HD shares. MKM Partners started coverage on Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $ 285.00 target price for the company. Truist Financial decreased their target price on Home Depot from $ 405.00 to $ 375.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Wedbush decreased their target price on Home Depot from $ 340.00 to $ 320.00 and set a “neutral” rating for the company in a research report on Wednesday, May 18th. Gordon Haskett lowered Home Depot from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, OTR Global lowered Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $ 369.82.

Shares of HD opened at $ 286.47 on Friday. The business’s fifty day simple moving average is $ 289.55 and its two-hundred day simple moving average is $ 324.23. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 12 month low of $ 264.51 and a 12 month high of $ 420.61. The company has a market cap of $ 294.42 billion, a price-to-earnings ratio of 18.19, a P / E / G ratio of 1.70 and a beta of 0.98.

Home Depot (NYSE: HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $ 4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 3.67 at $ 0.42. The firm had revenue of $ 38.91 billion for the quarter, compared to the consensus estimate of $ 36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $ 3.86 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $ 1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $ 7.60 dividend on an annualized basis and a dividend yield of 2.65%. Home Depot’s dividend payout ratio (DPR) is currently 48.25%.

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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