AMG National Trust Bank Has $37.15 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

AMG National Trust Bank lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 91,670 shares of the home improvement retailer's stock after buying an additional 4,483 shares during the period. Home Depot accounts for approximately 1.0% of AMG National Trust Bank's portfolio, making the stock its 24th largest holding. AMG National Trust Bank's holdings in Home Depot were worth $37,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $33,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter valued at about $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC increased its position in Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Home Depot stock traded up $2.26 during midday trading on Monday, reaching $410.44. 3,388,445 shares of the stock traded hands, compared to its average volume of 3,381,620. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The firm has a market cap of $407.69 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.84 and a beta of 1.01. The firm has a fifty day moving average price of $400.41 and a two-hundred day moving average price of $367.33.

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

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, Truist Financial upped their price target on Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $426.00.

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.