InterOcean Capital LLC lifted its stake in Home Depot Inc (NYSE:HD) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,075 shares of the home improvement retailer’s stock after acquiring an additional 74 shares during the period. InterOcean Capital LLC’s holdings in Home Depot were worth $1,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Orser Capital Management LLC grew its stake in Home Depot by 1.4% in the fourth quarter. Orser Capital Management LLC now owns 8,227 shares of the home improvement retailer’s stock valued at $1,788,000 after purchasing an additional 114 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $202,000. Exane Derivatives grew its position in shares of Home Depot by 34.3% in the 4th quarter. Exane Derivatives now owns 1,038 shares of the home improvement retailer’s stock worth $233,000 after buying an additional 265 shares during the last quarter. TLW Wealth Management LLC raised its stake in shares of Home Depot by 74.9% during the 4th quarter. TLW Wealth Management LLC now owns 15,317 shares of the home improvement retailer’s stock worth $3,345,000 after acquiring an additional 6,560 shares in the last quarter. Finally, R. W. Roge & Company Inc. purchased a new stake in Home Depot during the fourth quarter valued at approximately $419,000. Hedge funds and other institutional investors own 69.75% of the company’s stock.

In other news, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $234.34, for a total value of $2,307,780.32. Following the sale, the executive vice president now owns 37,995 shares in the company, valued at $8,903,748.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

HD has been the topic of a number of recent analyst reports. Bank of America upped their price target on Home Depot from $238.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada upped their target price on Home Depot from $261.00 to $266.00 in a research report on Wednesday. Morgan Stanley raised their price target on Home Depot from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday. Nomura Instinet upped their price objective on shares of Home Depot from $240.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler lifted their target price on shares of Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $251.03.

HD stock traded up $0.27 during mid-day trading on Friday, reaching $241.15. 179,031 shares of the company’s stock were exchanged, compared to its average volume of 5,816,201. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $248.32. The stock’s 50 day moving average is $212.69 and its 200 day moving average is $219.44. The company has a market cap of $255.84 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The business had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that Home Depot Inc will post 9.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s dividend payout ratio is presently 58.54%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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