First Financial Corp IN Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First Financial Corp IN boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,150 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the period. Home Depot comprises 0.8% of First Financial Corp IN’s holdings, making the stock its 24th largest position. First Financial Corp IN’s holdings in Home Depot were worth $1,614,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in Home Depot by 7.6% during the second quarter. Brown Brothers Harriman & Co. now owns 34,539 shares of the home improvement retailer’s stock worth $11,890,000 after buying an additional 2,434 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $82,000. Marble Harbor Investment Counsel LLC lifted its stake in Home Depot by 2.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 9,185 shares of the home improvement retailer’s stock valued at $3,162,000 after purchasing an additional 200 shares during the last quarter. Bcwm LLC increased its position in Home Depot by 15.6% in the second quarter. Bcwm LLC now owns 27,489 shares of the home improvement retailer’s stock worth $9,463,000 after buying an additional 3,718 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its stake in shares of Home Depot by 6.9% in the second quarter. Capital Wealth Planning LLC now owns 1,419,580 shares of the home improvement retailer’s stock valued at $488,676,000 after buying an additional 91,267 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.1 %

HD stock opened at $389.65 on Tuesday. The company has a market capitalization of $387.06 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s 50 day moving average price is $406.03 and its two-hundred day moving average price is $386.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.81 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last ninety days. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HD. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Truist Financial raised their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot 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.