Gratus Capital LLC Purchases 827 Shares of The Home Depot, Inc. (NYSE:HD)

Gratus Capital LLC lifted its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,816 shares of the home improvement retailer’s stock after buying an additional 827 shares during the period. Gratus Capital LLC’s holdings in Home Depot were worth $9,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in Home Depot by 0.6% in the second quarter. State Street Corp now owns 45,908,300 shares of the home improvement retailer’s stock worth $12,591,269,000 after purchasing an additional 286,186 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after acquiring an additional 1,361,660 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Home Depot by 1.2% during the second quarter. Legal & General Group Plc now owns 7,535,534 shares of the home improvement retailer’s stock worth $2,066,777,000 after acquiring an additional 86,345 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Home Depot by 4.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,373,199 shares of the home improvement retailer’s stock worth $925,167,000 after acquiring an additional 152,014 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Home Depot by 19.8% during the second quarter. Franklin Resources Inc. now owns 2,468,341 shares of the home improvement retailer’s stock worth $676,992,000 after acquiring an additional 408,299 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Paula Santilli bought 1,583 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HD. Exane BNP Paribas lowered Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price target on the stock. in a research note on Wednesday, October 19th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price on the stock. Guggenheim dropped their target price on Home Depot to $335.00 in a research report on Thursday, November 17th. Truist Financial dropped their target price on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Finally, Wedbush dropped their target price on Home Depot to $280.00 in a research report on Wednesday, November 16th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $341.24.

Home Depot Trading Up 0.2 %

Shares of HD stock opened at $315.48 on Tuesday. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The company has a market cap of $322.97 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.68 and a beta of 0.95. The stock has a 50 day simple moving average of $320.75 and a 200-day simple moving average of $302.70. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $374.67.

Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. During the same period in the prior year, the company posted $3.92 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 30th. Home Depot’s payout ratio is currently 45.81%.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.