Westfield Capital Management Co. LP Sells 1,260 Shares of The Home Depot, Inc. (NYSE:HD)

Westfield Capital Management Co. LP trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 381,839 shares of the home improvement retailer’s stock after selling 1,260 shares during the quarter. Home Depot comprises about 0.8% of Westfield Capital Management Co. LP’s holdings, making the stock its 24th biggest holding. Westfield Capital Management Co. LP’s holdings in Home Depot were worth $132,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bey Douglas LLC bought a new position in Home Depot during the 4th quarter valued at about $913,000. Hartline Investment Corp grew its holdings in Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after buying an additional 460 shares in the last quarter. Wolf Group Capital Advisors increased its holdings in Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after acquiring an additional 430 shares during the last quarter. Alliance Wealth Management Group bought a new stake in shares of Home Depot in the fourth quarter worth about $253,000. Finally, Zullo Investment Group Inc. grew its holdings in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after buying an additional 504 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.5 %

HD stock traded down $1.79 during mid-day trading on Friday, hitting $325.10. 2,692,315 shares of the company were exchanged, compared to its average volume of 3,395,206. The business has a fifty day simple moving average of $350.54 and a 200-day simple moving average of $347.56. The firm has a market capitalization of $322.37 billion, a P/E ratio of 21.80, a PEG ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the business posted $3.82 EPS. Home Depot’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.77%. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Truist Financial cut their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. HSBC reduced their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Raymond James restated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $377.46.

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.