Orrstown Financial Services Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,908 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. The Home Depot makes up about 1.5% of Orrstown Financial Services Inc.’s holdings, making the stock its 21st largest position. Orrstown Financial Services Inc.’s holdings in The Home Depot were worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. ICW Investment Advisors LLC increased its position in The Home Depot by 0.4% during the 3rd quarter. ICW Investment Advisors LLC now owns 9,475 shares of the home improvement retailer’s stock worth $2,631,000 after purchasing an additional 37 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in The Home Depot by 0.7% in the 4th quarter. TRUE Private Wealth Advisors now owns 5,035 shares of the home improvement retailer’s stock valued at $1,337,000 after buying an additional 37 shares during the period. Santori & Peters Inc. grew its holdings in The Home Depot by 1.2% in the 4th quarter. Santori & Peters Inc. now owns 3,173 shares of the home improvement retailer’s stock valued at $853,000 after buying an additional 38 shares during the period. Groesbeck Investment Management Corp NJ grew its holdings in The Home Depot by 1.5% in the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 2,705 shares of the home improvement retailer’s stock valued at $751,000 after buying an additional 39 shares during the period. Finally, First Commonwealth Financial Corp PA grew its holdings in The Home Depot by 1.0% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,976 shares of the home improvement retailer’s stock valued at $1,104,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 63.23% of the company’s stock.

In related news, COO Edward P. Decker sold 25,595 shares of the company’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the transaction, the chief operating officer now directly owns 97,352 shares in the company, valued at approximately $26,226,628.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 120 shares of the company’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total value of $32,283.60. Following the transaction, the executive vice president now owns 46,611 shares of the company’s stock, valued at $12,539,757.33. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Several research firms have commented on HD. Piper Sandler lifted their price target on The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $300.00 to $315.00 in a report on Monday, November 16th. DA Davidson decreased their target price on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a report on Wednesday, November 18th. Bank of America boosted their target price on The Home Depot from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, BidaskClub cut The Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, December 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The Home Depot presently has a consensus rating of “Buy” and an average price target of $293.25.

Shares of HD opened at $274.05 on Thursday. The Home Depot, Inc. has a 52-week low of $140.63 and a 52-week high of $292.95. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The firm has a market cap of $295.04 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.84 and a beta of 1.04. The business’s 50 day moving average is $268.91 and its two-hundred day moving average is $271.86.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $33.54 billion during the quarter, compared to the consensus estimate of $32.03 billion. During the same period in the previous year, the business earned $2.53 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd were issued a $1.50 dividend. The ex-dividend date was Wednesday, December 2nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. The Home Depot’s dividend payout ratio (DPR) is 58.54%.

The Home Depot Profile

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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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