The Home Depot, Inc. (NYSE:HD) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 250,382 shares of the home improvement retailer's stock after purchasing an additional 2,185 shares during the quarter. Home Depot accounts for about 3.1% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 5th biggest position. Sanibel Captiva Trust Company Inc.'s holdings in Home Depot were worth $97,396,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in HD. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the second quarter worth about $47,000. Quarry LP boosted its holdings in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. Finally, Semmax Financial Advisors Inc. grew its stake in shares of Home Depot by 111.3% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after purchasing an additional 79 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.0 %

Shares of HD traded up $0.09 on Monday, hitting $409.42. The company's stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. The firm's fifty day moving average price is $406.51 and its 200-day moving average price is $388.20. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is currently 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were 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 of the company's stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and upped their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Guggenheim increased their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

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.