Mitchell Sinkler & Starr PA Sells 17,913 Shares of The Home Depot, Inc. (NYSE:HD)

Mitchell Sinkler & Starr PA trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 39.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,132 shares of the home improvement retailer's stock after selling 17,913 shares during the quarter. Home Depot comprises 2.8% of Mitchell Sinkler & Starr PA's holdings, making the stock its 6th largest position. Mitchell Sinkler & Starr PA's holdings in Home Depot were worth $10,554,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HD. Vanguard Group Inc. boosted its stake in shares of Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares during the last quarter. Geode Capital Management LLC boosted its position in Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after purchasing an additional 433,126 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $5,032,910,000. Fisher Asset Management LLC increased its holdings in shares of Home Depot by 1.3% during the 4th 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 purchasing an additional 125,441 shares in the last quarter. Finally, Amundi lifted its stake in shares of Home Depot by 8.6% in the 4th quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock valued at $2,925,498,000 after purchasing an additional 599,490 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Truist Financial decreased their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Stock Up 2.5 %

Shares of NYSE:HD traded up $8.80 during trading on Monday, hitting $366.95. The company's stock had a trading volume of 2,622,474 shares, compared to its average volume of 3,453,683. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business has a 50 day moving average price of $389.98 and a two-hundred day moving average price of $398.99. 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 company has a market capitalization of $364.76 billion, a PE ratio of 24.93, a P/E/G ratio of 4.03 and a beta of 1.09.

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

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

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.