The Home Depot, Inc. (NYSE:HD) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. lowered its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 83,318 shares of the home improvement retailer’s stock after selling 2,630 shares during the quarter. Cambridge Trust Co.’s holdings in Home Depot were worth $26,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Trinity Legacy Partners LLC boosted its holdings in shares of Home Depot by 7.7% in the 4th quarter. Trinity Legacy Partners LLC now owns 8,352 shares of the home improvement retailer’s stock valued at $2,638,000 after purchasing an additional 596 shares during the last quarter. Richard P Slaughter Associates Inc boosted its holdings in shares of Home Depot by 4.3% in the 4th quarter. Richard P Slaughter Associates Inc now owns 851 shares of the home improvement retailer’s stock valued at $269,000 after purchasing an additional 35 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Home Depot by 5.1% in the 4th quarter. CWA Asset Management Group LLC now owns 10,918 shares of the home improvement retailer’s stock valued at $3,448,000 after purchasing an additional 534 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in shares of Home Depot by 1.4% in the 4th quarter. Radnor Capital Management LLC now owns 5,549 shares of the home improvement retailer’s stock valued at $1,847,000 after purchasing an additional 75 shares during the last quarter. Finally, Align Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 68.31% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Roth Mkm cut their target price on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Piper Sandler cut their target price on shares of Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. Telsey Advisory Group cut their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Truist Financial cut their target price on shares of Home Depot from $382.00 to $352.00 in a research note on Wednesday, February 22nd. Finally, Citigroup cut their target price on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.45.

Home Depot Price Performance

NYSE HD opened at $288.39 on Friday. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The stock has a market cap of $295.23 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The company has a 50-day moving average price of $310.70 and a two-hundred day moving average price of $303.66.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. Home Depot’s quarterly revenue was up .3% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be paid a $2.09 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s dividend payout ratio is currently 50.12%.

Home Depot Company Profile

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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.