Grove Bank & Trust Has $3.23 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Grove Bank & Trust boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,302 shares of the home improvement retailer’s stock after acquiring an additional 166 shares during the period. Grove Bank & Trust’s holdings in Home Depot were worth $3,229,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brady Martz Wealth Solutions LLC acquired a new position in Home Depot during the fourth quarter worth $2,542,000. Bernardo Wealth Planning LLC raised its holdings in shares of Home Depot by 28.4% in the fourth quarter. Bernardo Wealth Planning LLC now owns 715 shares of the home improvement retailer’s stock valued at $279,000 after purchasing an additional 158 shares during the last quarter. Renaissance Investment Group LLC raised its holdings in shares of Home Depot by 0.4% in the fourth quarter. Renaissance Investment Group LLC now owns 37,195 shares of the home improvement retailer’s stock valued at $14,469,000 after purchasing an additional 134 shares during the last quarter. Liberty One Investment Management LLC raised its holdings in shares of Home Depot by 5.5% in the fourth quarter. Liberty One Investment Management LLC now owns 12,102 shares of the home improvement retailer’s stock valued at $4,708,000 after purchasing an additional 631 shares during the last quarter. Finally, Romano Brothers AND Company raised its holdings in shares of Home Depot by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 8,224 shares of the home improvement retailer’s stock valued at $3,199,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of HD opened at $409.42 on Tuesday. The firm’s 50 day simple moving average is $406.51 and its 200 day simple moving average is $388.20. The company has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results 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. The business 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.81 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were 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 directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial increased their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One equities 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 data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target 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.