Wilmington Savings Fund Society FSB Grows Holdings in The Home Depot, Inc. (NYSE:HD)

Wilmington Savings Fund Society FSB boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 80.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,324 shares of the home improvement retailer's stock after purchasing an additional 28,208 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Home Depot were worth $25,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $33,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $41,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter worth about $46,000. Finally, Denver PWM LLC purchased a new stake in Home Depot during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded down $6.93 on Thursday, reaching $414.45. 3,672,002 shares of the company's stock were exchanged, compared to its average volume of 3,374,974. The stock has a fifty day moving average of $411.56 and a 200-day moving average of $377.09. The firm has a market cap of $411.70 billion, a PE ratio of 28.19, a P/E/G ratio of 2.98 and a beta of 1.03. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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 prior year, the company posted $3.81 EPS. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot's payout ratio is 61.14%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target on the stock in a research note on Wednesday, October 2nd. Piper Sandler lifted their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot 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 transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. 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 quarter. 0.10% of the stock is currently owned by corporate 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.