Brown Brothers Harriman & Co. Buys 1,282 Shares of The Home Depot, Inc. (NYSE:HD)

Brown Brothers Harriman & Co. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,821 shares of the home improvement retailer’s stock after purchasing an additional 1,282 shares during the period. Brown Brothers Harriman & Co.’s holdings in Home Depot were worth $14,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter worth about $33,000. Denver PWM LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot in the 2nd quarter worth approximately $47,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HD. Morgan Stanley upped their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Piper Sandler lifted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Finally, Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

HD stock opened at $420.00 on Monday. The Home Depot, Inc. has a 12 month low of $308.31 and a 12 month high of $421.56. The company has a 50-day moving average price of $403.23 and a 200 day moving average price of $369.25. The stock has a market cap of $417.21 billion, a PE ratio of 28.53, a P/E/G ratio of 2.92 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.81 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.