Donaldson Capital Management LLC Has $67.91 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Donaldson Capital Management LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,967 shares of the home improvement retailer’s stock after selling 4,539 shares during the period. Home Depot makes up 3.0% of Donaldson Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Donaldson Capital Management LLC’s holdings in Home Depot were worth $67,912,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Optas LLC grew its position in shares of Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares in the last quarter. Harvest Investment Advisors LLC grew its position in shares of Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after purchasing an additional 30 shares in the last quarter. Armstrong Henry H Associates Inc. grew its position in shares of Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after purchasing an additional 30 shares in the last quarter. CGC Financial Services LLC grew its position in shares of Home Depot by 4.3% during the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 30 shares in the last quarter. Finally, Independent Investors Inc. grew its position in shares of Home Depot by 0.5% during the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. DA Davidson restated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. TD Cowen increased their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Bank of America increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

HD stock opened at $334.83 on Wednesday. The company has a fifty day moving average price of $369.14 and a 200-day moving average price of $339.05. The company has a market capitalization of $331.82 billion, a P/E ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm earned $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

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.