Hanson & Doremus Investment Management increases stake in The Home Depot, Inc. (NYSE: HD)


Hanson & Doremus Investment Management increased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating ) by 136.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,877 shares of the home improvement retailer’s stock after acquiring an additional 1,082 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Home Depot were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rinkey Investments purchased a new position in Home Depot during the 4th quarter valued at approximately $25,000. Shore Point Advisors LLC purchased a new position in Home Depot during the 4th quarter valued at approximately $26,000. Barnett & Company Inc. lifted its position in Home Depot by 173.1% in the 4th quarter. Now Barnett & Company Inc. owns 71 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Retirement Group LLC lifted its position in Home Depot by 111.1% during the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Family CFO Inc bought a new position in shares of Home Depot during the 4th quarter valued at approximately $42,000. The institutional investor owned 70.61% of the company’s stock.

In related news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at $14,739,935.25. Disclosure of this sale can be found here. Company insiders own 0.17% of the company’s shares.

Several research analysts recently issued reports on HD shares. MKM Partners began coverage on Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price for the company. Truist Financial cut their target price on Home Depot from $405.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, May 18th. Wedbush cut their target price on Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, May 18th. Gordon Haskett downgraded Home Depot from a “buy” rating to an “hold” rating in a research report on Friday, May 6th. Finally, OTR Global lowered Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $369.82, according to MarketBeat.

Shares of HD stock opened at $286.47 on Friday. The business’s fifty day simple moving average is $289.55, and the two hundred day simple moving average is $324.23. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company has a market cap of $294.42 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 0.98.

Home Depot (NYSE:HD – Get Rating ) last posted its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $3.86 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents an annualized dividend of $7.60 and a dividend yield of 2.65%. Home Depot’s dividend payout ratio (DPR) is currently 48.25%.

Home Depot Company Profile (Get Rating)

Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products and decorating products, as well as equipment maintenance, repair and operation products. The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)



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