32,076 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Heritage Trust Co

Heritage Trust Co bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 32,076 shares of the home improvement retailer's stock, valued at approximately $12,477,000. Home Depot accounts for approximately 1.5% of Heritage Trust Co's portfolio, making the stock its 14th largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Geode Capital Management LLC increased its stake in Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after purchasing an additional 257,036 shares in the last quarter. Norges Bank acquired a new stake in Home Depot during the 4th quarter worth about $5,032,910,000. Fisher Asset Management LLC lifted its stake in Home Depot by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock valued at $3,715,668,000 after buying an additional 125,441 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Home Depot by 5.5% in the fourth quarter. Alliancebernstein L.P. now owns 9,052,091 shares of the home improvement retailer's stock worth $3,521,173,000 after buying an additional 468,203 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently commented on HD. Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial dropped their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $434.08.

Home Depot Stock Performance

Shares of NYSE:HD traded down $1.07 on Tuesday, hitting $356.13. 1,004,142 shares of the company were exchanged, compared to its average volume of 3,477,422. The company's 50 day moving average price is $374.14 and its two-hundred day moving average price is $395.67. The firm has a market capitalization of $354.00 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

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.