Enterprise Bank & Trust Co Has $2.37 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jun 23rd, 2023

Enterprise Bank & Trust Co decreased its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,020 shares of the home improvement retailer’s stock after selling 51 shares during the period. Enterprise Bank & Trust Co’s holdings in Home Depot were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Home Depot during the 4th quarter valued at about $3,740,875,000. Moneta Group Investment Advisors LLC boosted its position in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares in the last quarter. Cottage Street Advisors LLC boosted its position in shares of Home Depot by 26,657.7% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Home Depot by 37.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock valued at $2,582,715,000 after purchasing an additional 2,247,709 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Home Depot during the 1st quarter valued at about $563,524,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $301.19 on Friday. The firm has a market cap of $302.81 billion, a PE ratio of 18.35, a PEG ratio of 1.93 and a beta of 0.93. The stock’s fifty day moving average price is $294.48 and its two-hundred day moving average price is $303.80. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.02. The firm had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.09 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. Home Depot’s payout ratio is presently 50.94%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total value of $440,221.18. Following the sale, the executive vice president now directly owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Morgan Stanley cut their price target on Home Depot from $340.00 to $320.00 in a report on Wednesday, May 17th. Credit Suisse Group cut their price target on Home Depot from $320.00 to $310.00 in a report on Wednesday, May 17th. Telsey Advisory Group cut their price target on Home Depot from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, May 17th. Wells Fargo & Company increased their price target on Home Depot from $325.00 to $345.00 in a report on Thursday, June 8th. Finally, Guggenheim cut their price target on Home Depot from $335.00 to $320.00 in a report on Wednesday, May 17th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $323.43.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. 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.

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

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