The Home Depot, Inc. (NYSE:HD) Shares Bought by Sippican Capital Advisors

Sippican Capital Advisors raised its position in The Home Depot, Inc. (NYSE:HD) by 39.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,312 shares of the home improvement retailer’s stock after buying an additional 650 shares during the period. Sippican Capital Advisors’ holdings in Home Depot were worth $801,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Keener Financial Planning LLC purchased a new position in Home Depot in the 4th quarter worth approximately $31,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $27,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. KB Financial Partners LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $28,000. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HD shares. TD Cowen boosted their target price on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. The Goldman Sachs Group boosted their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Wedbush boosted their target price on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Robert W. Baird reissued an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Truist Financial boosted their target price on Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $334.83 on Wednesday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market cap of $331.82 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a fifty day moving average price of $369.14 and a 200 day moving average price of $339.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

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.