Hunter Associates Investment Management LLC Acquires 365 Shares of The Home Depot, Inc. (NYSE:HD)

Hunter Associates Investment Management LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,295 shares of the home improvement retailer’s stock after acquiring an additional 365 shares during the period. Hunter Associates Investment Management LLC’s holdings in Home Depot were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Blue Fin Capital Inc. increased its holdings in Home Depot by 0.3% during the 2nd quarter. Blue Fin Capital Inc. now owns 8,966 shares of the home improvement retailer’s stock valued at $2,785,000 after acquiring an additional 31 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in Home Depot by 0.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 7,151 shares of the home improvement retailer’s stock valued at $2,221,000 after acquiring an additional 32 shares in the last quarter. Key Financial Inc increased its holdings in Home Depot by 0.6% during the 2nd quarter. Key Financial Inc now owns 5,198 shares of the home improvement retailer’s stock valued at $1,615,000 after acquiring an additional 32 shares in the last quarter. Blume Capital Management Inc. increased its holdings in Home Depot by 7.7% during the 2nd quarter. Blume Capital Management Inc. now owns 445 shares of the home improvement retailer’s stock valued at $138,000 after acquiring an additional 32 shares in the last quarter. Finally, Wealthstream Advisors Inc. increased its holdings in Home Depot by 2.0% during the 2nd quarter. Wealthstream Advisors Inc. now owns 1,723 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Home Depot Stock Up 0.2 %

Shares of NYSE:HD opened at $363.94 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.33 and a debt-to-equity ratio of 28.37. The company has a fifty day simple moving average of $348.78 and a 200 day simple moving average of $323.96. The firm has a market cap of $362.21 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.60 and a beta of 0.98. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $365.65.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.06. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The firm had revenue of $37.71 billion during the quarter, compared to analyst estimates of $37.59 billion. During the same quarter in the previous year, the firm earned $4.24 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $2.09 per share. The ex-dividend date was Wednesday, November 29th. This represents a $8.36 annualized dividend and a dividend yield of 2.30%. Home Depot’s dividend payout ratio is currently 53.66%.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total transaction of $506,006.80. Following the completion of the transaction, the executive vice president now owns 17,966 shares in the company, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the sale, the executive vice president now owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total transaction of $421,451.25. Following the completion of the sale, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,114 shares of company stock worth $966,456. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HD shares. Royal Bank of Canada lowered their price target on shares of Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a report on Wednesday, November 15th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Stifel Nicolaus raised their target price on shares of Home Depot from $306.00 to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Guggenheim reduced their price target on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $351.31.

Read Our Latest Research Report on HD

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor 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.

Further Reading

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

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