Sunflower Bank N.A. Increases Stake in The Home Depot, Inc. (NYSE:HD)

Sunflower Bank N.A. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,925 shares of the home improvement retailer’s stock after acquiring an additional 91 shares during the quarter. Sunflower Bank N.A.’s holdings in Home Depot were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the 1st quarter worth about $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 4th quarter valued at about $39,000. Finally, Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter valued at about $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.5 %

Shares of HD traded up $1.94 on Friday, hitting $411.90. 2,717,431 shares of the stock traded hands, compared to its average volume of 3,388,611. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The company has a market capitalization of $408.45 billion, a PE ratio of 27.63, a P/E/G ratio of 2.88 and a beta of 1.00. The business has a 50 day simple moving average of $378.34 and a 200 day simple moving average of $357.12. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $4.65 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent research reports. DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada dropped their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Truist Financial lowered their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $402.38.

About Home Depot

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.