1,020 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by City National Bank of Florida MSD

City National Bank of Florida MSD acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,020 shares of the home improvement retailer's stock, valued at approximately $397,000.

A number of other large investors have also modified their holdings of HD. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $5,032,910,000. Raymond James Financial Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC grew its stake in shares of Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after purchasing an additional 2,030,372 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 worth $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter worth $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD traded down $2.96 during trading on Friday, reaching $363.17. The company's stock had a trading volume of 3,114,029 shares, compared to its average volume of 3,431,641. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company's fifty day moving average price is $359.90 and its 200-day moving average price is $387.19. The company has a market capitalization of $361.00 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion during 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 for the quarter was up 9.4% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the stock from $405.00 to $425.00 in a research note on Wednesday. Mizuho decreased their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Eight 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.