RB Capital Management LLC Purchases 354 Shares of The Home Depot, Inc. (NYSE:HD)

RB Capital Management LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,112 shares of the home improvement retailer’s stock after buying an additional 354 shares during the quarter. Home Depot makes up about 0.9% of RB Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. RB Capital Management LLC’s holdings in Home Depot were worth $3,158,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. increased its stake in shares of Home Depot by 21.3% in the 4th quarter. Howe & Rusling Inc. now owns 2,730 shares of the home improvement retailer’s stock valued at $946,000 after buying an additional 479 shares during the period. Orion Capital Management LLC lifted its position in Home Depot by 41.9% during the 4th quarter. Orion Capital Management LLC now owns 2,169 shares of the home improvement retailer’s stock valued at $752,000 after purchasing an additional 640 shares during the period. Concord Wealth Partners lifted its holdings in Home Depot by 17.4% in the fourth quarter. Concord Wealth Partners now owns 9,560 shares of the home improvement retailer’s stock valued at $3,313,000 after buying an additional 1,417 shares during the period. ICW Investment Advisors LLC lifted its stake in shares of Home Depot by 0.5% in the 4th quarter. ICW Investment Advisors LLC now owns 10,361 shares of the home improvement retailer’s stock valued at $3,591,000 after purchasing an additional 55 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Home Depot by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 667,375 shares of the home improvement retailer’s stock valued at $231,279,000 after purchasing an additional 55,983 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Truist Financial reaffirmed a “buy” rating and set a $417.00 price target on shares of Home Depot in a research note on Wednesday, April 17th. Evercore ISI reduced their target price on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. The Goldman Sachs Group boosted their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Guggenheim restated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Down 0.7 %

Shares of HD traded down $2.25 on Wednesday, reaching $331.97. The company’s stock had a trading volume of 3,184,545 shares, compared to its average volume of 3,329,090. The stock has a market capitalization of $328.99 billion, a PE ratio of 21.91, a PEG ratio of 2.24 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm has a fifty day moving average of $363.69 and a 200-day moving average of $341.88.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 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.