The Home Depot, Inc. (NYSE:HD) Shares Purchased by Appleton Partners Inc. MA

Appleton Partners Inc. MA grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,087 shares of the home improvement retailer's stock after buying an additional 1,837 shares during the quarter. Home Depot accounts for approximately 1.8% of Appleton Partners Inc. MA's holdings, making the stock its 12th biggest holding. Appleton Partners Inc. MA's holdings in Home Depot were worth $23,487,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Navigoe LLC bought a new position in Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the 4th quarter valued at about $32,000. Quarry LP grew its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC grew its holdings in Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Wedbush restated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial upped their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Mizuho dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their target price for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 0.9%

NYSE:HD traded up $3.18 during midday trading on Friday, reaching $350.21. 8,001,951 shares of the stock traded hands, compared to its average volume of 3,424,242. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The business has a 50-day moving average of $362.65 and a two-hundred day moving average of $379.75. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market capitalization of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the company earned $3.63 EPS. The company's revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.63%. Home Depot's payout ratio is 62.42%.

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.