Hemenway Trust Co LLC Acquires 5,331 Shares of The Home Depot, Inc. (NYSE:HD)

Hemenway Trust Co LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,251 shares of the home improvement retailer's stock after buying an additional 5,331 shares during the period. Home Depot makes up 3.2% of Hemenway Trust Co LLC's investment portfolio, making the stock its 12th largest holding. Hemenway Trust Co LLC's holdings in Home Depot were worth $38,940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter worth $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Marshall Investment Management LLC bought a new position in shares of Home Depot in the 4th quarter worth $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter worth $39,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was 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 owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a report on Monday, June 2nd. JPMorgan Chase & Co. increased their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Truist Financial increased their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Trading Down 1.4%

Shares of Home Depot stock opened at $348.74 on Wednesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $346.97 billion, a PE ratio of 23.66, a P/E/G ratio of 3.36 and a beta of 1.02. The stock has a fifty day moving average price of $363.01 and a 200-day moving average price of $381.43. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (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 business 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 business earned $3.63 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is presently 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.

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