Hilltop National Bank Has $958,000 Position in The Home Depot, Inc. (NYSE:HD)

Hilltop National Bank decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,464 shares of the home improvement retailer’s stock after selling 124 shares during the quarter. Hilltop National Bank’s holdings in Home Depot were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. ORG Partners LLC boosted its holdings in shares of Home Depot by 5.4% during the fourth quarter. ORG Partners LLC now owns 5,012 shares of the home improvement retailer’s stock worth $1,956,000 after purchasing an additional 259 shares during the period. CJM Wealth Advisers Ltd. lifted its position in Home Depot by 4.8% in the 4th quarter. CJM Wealth Advisers Ltd. now owns 1,605 shares of the home improvement retailer’s stock worth $624,000 after buying an additional 74 shares in the last quarter. Fortitude Family Office LLC boosted its stake in shares of Home Depot by 40.6% during the 4th quarter. Fortitude Family Office LLC now owns 7,814 shares of the home improvement retailer’s stock valued at $3,040,000 after buying an additional 2,257 shares during the period. Wealth Group Ltd grew its holdings in shares of Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after acquiring an additional 27 shares in the last quarter. Finally, Farmers Trust Co. increased its stake in shares of Home Depot by 0.7% in the fourth quarter. Farmers Trust Co. now owns 8,530 shares of the home improvement retailer’s stock worth $3,318,000 after acquiring an additional 60 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial increased their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Finally, DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

HD traded up $2.32 on Friday, hitting $389.52. 2,406,934 shares of the stock traded hands, compared to its average volume of 2,543,010. The business has a fifty day moving average price of $406.19 and a two-hundred day moving average price of $385.06. 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 market capitalization of $386.93 billion, a PE ratio of 26.46, a P/E/G ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

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.