City Holding Co. Sells 322 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 11th, 2023

City Holding Co. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,091 shares of the home improvement retailer’s stock after selling 322 shares during the period. Home Depot accounts for 1.3% of City Holding Co.’s holdings, making the stock its 16th biggest holding. City Holding Co.’s holdings in Home Depot were worth $6,977,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HD. Heartwood Wealth Advisors LLC boosted its position in Home Depot by 4.1% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after purchasing an additional 63 shares in the last quarter. Cottage Street Advisors LLC increased its holdings in shares of Home Depot by 26,657.7% in the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after purchasing an additional 3,567,063 shares during the last quarter. Sigma Planning Corp raised its stake in Home Depot by 1.6% during the fourth quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after purchasing an additional 672 shares during the period. West Branch Capital LLC lifted its stake in shares of Home Depot by 0.4% in the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock valued at $2,998,000 after purchasing an additional 41 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC lifted its holdings in shares of Home Depot by 3.3% in the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock worth $2,159,000 after acquiring an additional 253 shares during the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Credit Suisse Group lowered their price objective on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 22nd. Evercore ISI lowered their price target on Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Telsey Advisory Group cut their price target 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. Loop Capital decreased their price objective on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, February 22nd. Finally, Bank of America dropped their price objective on Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $329.89.

Home Depot Stock Up 0.9 %

HD stock opened at $291.17 on Tuesday. The company’s 50 day simple moving average is $300.14 and its 200-day simple moving average is $304.21. The firm has a market capitalization of $294.86 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.67 and a beta of 0.93. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $347.25. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $36 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were paid a $2.09 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. This represents a $8.36 annualized dividend and a dividend yield of 2.87%. Home Depot’s payout ratio is presently 50.12%.

About Home Depot

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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.

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

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