Field & Main Bank Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Field & Main Bank grew its position in The Home Depot, Inc. (NYSE:HD) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,820 shares of the home improvement retailer’s stock after acquiring an additional 400 shares during the quarter. Home Depot accounts for 2.5% of Field & Main Bank’s portfolio, making the stock its 6th biggest holding. Field & Main Bank’s holdings in Home Depot were worth $5,829,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC increased its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $35,000. Briaud Financial Planning Inc bought a new position in shares of Home Depot during the 3rd quarter valued at approximately $41,000. Finally, Quantbot Technologies LP bought a new position in shares of Home Depot during the 3rd quarter valued at approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.5 %

NYSE:HD traded up $1.71 during mid-day trading on Monday, hitting $336.80. 2,602,918 shares of the company’s stock traded hands, compared to its average volume of 3,343,672. The company has a fifty day moving average of $364.25 and a 200 day moving average of $341.58. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market capitalization of $333.78 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.67%. Home Depot’s dividend payout ratio is currently 59.60%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI dropped their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. TD Cowen boosted their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Company Profile

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.