The Home Depot, Inc. (NYSE:HD) Shares Bought by Balentine LLC

Balentine LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 108.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,532 shares of the home improvement retailer's stock after acquiring an additional 1,836 shares during the quarter. Balentine LLC's holdings in Home Depot were worth $1,294,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Planning Services Inc. LA ADV boosted its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the period. Norges Bank bought a new stake in shares of Home Depot in the fourth quarter valued at about $5,032,910,000. GAMMA Investing LLC increased its holdings in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares in the last quarter. Northern Trust Corp grew its stake in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred 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 directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 transaction, the executive vice president owned 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. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 1.6%

NYSE:HD traded up $5.76 during trading hours on Monday, reaching $365.16. The company had a trading volume of 1,761,176 shares, compared to its average volume of 3,436,252. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $363.31 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.42 and a beta of 1.00. The business's 50-day simple moving average is $366.03 and its two-hundred day simple moving average is $374.29. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate 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 prior year, the firm posted $3.63 EPS. Home Depot's revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. Home Depot's dividend payout ratio is presently 62.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. DA Davidson cut their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Truist Financial raised their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.