Whittier Trust Co. of Nevada Inc. Buys 1,028 Shares of The Home Depot, Inc. (NYSE:HD)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,097 shares of the home improvement retailer's stock after buying an additional 1,028 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Home Depot were worth $15,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HD. Douglass Winthrop Advisors LLC boosted its stake in Home Depot by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,327 shares of the home improvement retailer's stock valued at $8,685,000 after buying an additional 62 shares in the last quarter. HUB Investment Partners LLC boosted its stake in shares of Home Depot by 3.1% during the fourth quarter. HUB Investment Partners LLC now owns 16,562 shares of the home improvement retailer's stock valued at $6,442,000 after purchasing an additional 499 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in shares of Home Depot by 3.8% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,855 shares of the home improvement retailer's stock worth $2,666,000 after purchasing an additional 250 shares during the last quarter. Symmetry Partners LLC increased its stake in shares of Home Depot by 20.4% in the fourth quarter. Symmetry Partners LLC now owns 614 shares of the home improvement retailer's stock valued at $239,000 after buying an additional 104 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Home Depot by 22.3% during the 4th quarter. Teacher Retirement System of Texas now owns 375,164 shares of the home improvement retailer's stock worth $145,935,000 after buying an additional 68,491 shares during the period. 70.86% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages have commented on HD. Royal Bank of Canada cut their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial decreased their target price on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. 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. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $435.85.

Home Depot Stock Up 3.7 %

Shares of NYSE:HD traded up $12.82 on Monday, hitting $363.97. 4,022,527 shares of the company traded hands, compared to its average volume of 3,219,447. The company has a market cap of $361.55 billion, a PE ratio of 24.73, a PEG ratio of 4.03 and a beta of 1.09. The stock has a 50 day simple moving average of $393.97 and a 200-day simple moving average of $399.14. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 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.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the company posted $2.82 earnings per share. The business's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's 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.