The Home Depot, Inc. (NYSE:HD) Shares Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,510 shares of the home improvement retailer’s stock after buying an additional 68 shares during the period. Oakworth Capital Inc.’s holdings in Home Depot were worth $2,949,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Telos Capital Management Inc. increased its stake in shares of Home Depot by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 53,931 shares of the home improvement retailer’s stock worth $18,690,000 after buying an additional 905 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Home Depot by 17,050.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 81,978 shares of the home improvement retailer’s stock worth $28,409,000 after acquiring an additional 81,500 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Home Depot in the 4th quarter worth about $182,000. Guidance Capital Inc. acquired a new stake in shares of Home Depot in the 4th quarter valued at about $205,000. Finally, Sfmg LLC lifted its position in shares of Home Depot by 2.4% during the fourth quarter. Sfmg LLC now owns 5,379 shares of the home improvement retailer’s stock worth $1,864,000 after purchasing an additional 127 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.6 %

NYSE:HD opened at $332.83 on Thursday. The business has a fifty day moving average of $368.54 and a 200-day moving average of $339.01. The stock has a market cap of $329.84 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.70%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. HSBC reissued a “reduce” rating and set a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Finally, Wedbush lifted their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Company 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.