First United Bank & Trust Increases Stake in The Home Depot, Inc. (NYSE:HD)

First United Bank & Trust boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,009 shares of the home improvement retailer’s stock after purchasing an additional 35 shares during the quarter. First United Bank & Trust’s holdings in Home Depot were worth $988,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HD. KB Financial Partners LLC bought a new position in Home Depot during the 1st quarter valued at about $29,000. Activest Wealth Management bought a new position in Home Depot during the 2nd quarter valued at about $34,000. Atlas Capital Advisors LLC lifted its stake in Home Depot by 38.5% during the 2nd quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock valued at $42,000 after acquiring an additional 37 shares during the period. Lake Point Wealth Management bought a new position in Home Depot during the 2nd quarter valued at about $69,000. Finally, Harvest Group Wealth Management LLC bought a new position in Home Depot during the 2nd quarter valued at about $71,000. 69.35% of the stock is currently owned by institutional investors.

In related news, CFO Richard V. Mcphail sold 14,544 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $392.83, for a total value of $5,713,319.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total value of $7,460,396.82. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Several research firms have issued reports on HD. OTR Global cut shares of Home Depot to a “positive” rating in a research note on Tuesday, August 10th. Morgan Stanley increased their price objective on shares of Home Depot from $370.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 17th. Truist Securities increased their price objective on shares of Home Depot from $325.00 to $420.00 and gave the stock a “hold” rating in a research note on Wednesday, November 17th. Citigroup increased their price objective on shares of Home Depot from $418.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Finally, Robert W. Baird increased their price objective on shares of Home Depot from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 16th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $406.17.

Shares of HD opened at $412.11 on Thursday. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.13 and a quick ratio of 0.37. The Home Depot, Inc. has a 1 year low of $246.59 and a 1 year high of $416.56. The company has a 50 day simple moving average of $358.68 and a two-hundred day simple moving average of $334.77. The firm has a market cap of $434.92 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.51. Home Depot had a net margin of 10.79% and a return on equity of 786.90%. The business had revenue of $36.82 billion during the quarter, compared to analyst estimates of $34.87 billion. During the same period last year, the firm posted $3.18 EPS. The company’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Thursday, December 2nd will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, December 1st. Home Depot’s dividend payout ratio (DPR) is presently 44.12%.

Home Depot Profile

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.

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

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