Marble Harbor Investment Counsel LLC Has $2.23 Million Stake in The Home Depot, Inc. (NYSE:HD)

Marble Harbor Investment Counsel LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,780 shares of the home improvement retailer’s stock after selling 50 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Home Depot were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Camden National Bank grew its stake in Home Depot by 9.7% during the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock worth $681,000 after buying an additional 226 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Home Depot by 11.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 227,046 shares of the home improvement retailer’s stock worth $72,403,000 after acquiring an additional 22,633 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in Home Depot by 4.2% in the second quarter. Marks Group Wealth Management Inc now owns 2,431 shares of the home improvement retailer’s stock valued at $782,000 after acquiring an additional 98 shares during the last quarter. Greenleaf Trust raised its position in Home Depot by 1.3% during the second quarter. Greenleaf Trust now owns 22,699 shares of the home improvement retailer’s stock valued at $7,238,000 after purchasing an additional 287 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Home Depot by 23.8% during the second quarter. Harvest Fund Management Co. Ltd now owns 3,440 shares of the home improvement retailer’s stock worth $1,096,000 after purchasing an additional 661 shares during the last quarter. 69.53% 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 dated Wednesday, November 17th. The shares were sold at an average price of $392.83, for a total transaction of $5,713,319.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $395.19, for a total transaction of $7,460,396.82. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Shares of Home Depot stock traded down $10.39 during trading hours on Friday, reaching $376.59. The company’s stock had a trading volume of 91,004 shares, compared to its average volume of 3,697,643. The Home Depot, Inc. has a one year low of $246.59 and a one year high of $420.61. The company has a market capitalization of $393.25 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.06 and a beta of 0.98. The stock’s fifty day simple moving average is $398.48 and its two-hundred day simple moving average is $356.74. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share 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 firm had revenue of $36.82 billion for the quarter, compared to analyst estimates of $34.87 billion. During the same period last year, the firm earned $3.18 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 16th. Shareholders of record on Thursday, December 2nd were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, December 1st. Home Depot’s dividend payout ratio (DPR) is 44.12%.

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Home Depot from $420.00 to $460.00 in a research report on Wednesday, January 5th. Truist Securities upgraded Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $420.00 to $448.00 in a research note on Thursday. Telsey Advisory Group boosted their price objective on Home Depot from $390.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Morgan Stanley increased their target price on Home Depot from $370.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, November 17th. Finally, Credit Suisse Group boosted their price target on Home Depot from $357.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, November 18th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Buy” and a consensus target price of $419.16.

About Home Depot

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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