New England Research & Management Inc. Has $1.26 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

New England Research & Management Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 411.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,234 shares of the home improvement retailer's stock after purchasing an additional 2,602 shares during the quarter. New England Research & Management Inc.'s holdings in Home Depot were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Home Depot during the third quarter valued at $336,231,000. FMR LLC boosted its position in Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after acquiring an additional 795,438 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock valued at $280,932,000 after acquiring an additional 518,054 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 valued at $8,767,449,000 after purchasing an additional 433,126 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HD shares. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. DA Davidson increased their price objective on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Truist Financial lifted their price objective on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Performance

NYSE HD opened at $411.86 on Friday. The company's fifty day moving average is $408.02 and its two-hundred day moving average is $392.08. The firm has a market capitalization of $409.13 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the company posted $3.81 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot's dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

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.

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