Matrix Trust Co Has $1.86 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Matrix Trust Co lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,379 shares of the home improvement retailer’s stock after selling 132 shares during the period. Home Depot makes up 0.4% of Matrix Trust Co’s portfolio, making the stock its 28th biggest position. Matrix Trust Co’s holdings in Home Depot were worth $1,864,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Unique Wealth Strategies LLC bought a new stake in Home Depot during the fourth quarter worth about $876,000. Alliance Wealth Advisors LLC UT grew its stake in Home Depot by 1.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 10,207 shares of the home improvement retailer’s stock worth $3,537,000 after buying an additional 164 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in Home Depot by 21.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 6,296 shares of the home improvement retailer’s stock worth $2,182,000 after buying an additional 1,112 shares during the last quarter. Valmark Advisers Inc. grew its stake in Home Depot by 2.2% during the fourth quarter. Valmark Advisers Inc. now owns 9,179 shares of the home improvement retailer’s stock worth $3,181,000 after buying an additional 197 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. grew its stake in Home Depot by 9.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,208 shares of the home improvement retailer’s stock worth $419,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. TD Cowen upped their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Wedbush increased their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. The Goldman Sachs Group increased their price target on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Citigroup increased their price target on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Truist Financial reissued a “buy” rating and set a $417.00 price target on shares of Home Depot in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Trading Up 0.9 %

HD traded up $3.11 during mid-day trading on Friday, hitting $335.09. The stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The stock’s fifty day simple moving average is $364.77 and its 200-day simple moving average is $340.68. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a market capitalization of $332.08 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS 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 for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the business posted $3.30 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

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

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.