Border to Coast Pensions Partnership Ltd Grows Position in The Home Depot, Inc. (NYSE:HD)

Border to Coast Pensions Partnership Ltd grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 210,536 shares of the home improvement retailer's stock after buying an additional 11,801 shares during the period. Home Depot accounts for approximately 1.6% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 16th largest holding. Border to Coast Pensions Partnership Ltd's holdings in Home Depot were worth $77,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $29,000. Quarry LP raised its stake in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the period. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $39,000. NewSquare Capital LLC lifted its holdings in shares of 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 in the last quarter. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the 4th quarter valued at approximately $45,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD traded up $4.86 during trading on Friday, hitting $368.36. 5,502,278 shares of the stock traded hands, compared to its average volume of 3,419,944. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $366.49 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.51 and a beta of 1.02. The business has a 50 day moving average price of $363.55 and a 200 day moving average price of $377.53.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.77.

About Home Depot

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.