The Home Depot, Inc. (NYSE:HD) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 612,888 shares of the home improvement retailer's stock after buying an additional 58,652 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Home Depot worth $248,342,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Abacus Wealth Partners LLC lifted its position in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after purchasing an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock worth $1,469,000 after acquiring an additional 25 shares during the last quarter. Insight Inv LLC grew its position in Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after acquiring an additional 25 shares in the last quarter. Capital City Trust Co. FL increased its stake in Home Depot by 1.1% in the third quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after acquiring an additional 26 shares during the last quarter. Finally, Ruedi Wealth Management Inc. raised its position in Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock valued at $817,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler lifted their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Daiwa America raised shares of Home Depot to a "hold" rating in a research report on Thursday, August 15th. 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. Finally, TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

NYSE:HD traded up $0.94 during trading hours on Wednesday, hitting $423.53. 1,966,451 shares of the stock traded hands, compared to its average volume of 3,364,188. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a 50 day moving average price of $411.36 and a 200 day moving average price of $376.78. 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 company has a market cap of $420.72 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Home Depot 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.