The Home Depot, Inc. (NYSE:HD) is WD Rutherford LLC’s 10th Largest Position

WD Rutherford LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,602 shares of the home improvement retailer’s stock after acquiring an additional 405 shares during the quarter. Home Depot comprises approximately 2.3% of WD Rutherford LLC’s portfolio, making the stock its 10th biggest position. WD Rutherford LLC’s holdings in Home Depot were worth $4,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of Home Depot during the third quarter valued at $245,000. Trexquant Investment LP increased its holdings in shares of Home Depot by 300.3% during the third quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock valued at $2,529,000 after acquiring an additional 6,280 shares in the last quarter. Caxton Associates LP bought a new position in shares of Home Depot during the third quarter valued at $773,000. Jones Financial Companies Lllp increased its holdings in shares of Home Depot by 11.2% during the third quarter. Jones Financial Companies Lllp now owns 8,929 shares of the home improvement retailer’s stock valued at $2,698,000 after acquiring an additional 900 shares in the last quarter. Finally, Kidder Stephen W increased its holdings in shares of Home Depot by 1.4% during the third quarter. Kidder Stephen W now owns 28,789 shares of the home improvement retailer’s stock valued at $8,699,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other 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 value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Truist Financial reduced their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. TD Cowen reduced their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Citigroup reduced their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Finally, Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Up 0.8 %

NYSE HD traded up $2.75 during trading on Friday, hitting $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market cap of $341.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The business’s 50 day simple moving average is $338.51 and its 200-day simple moving average is $352.60. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $3.82 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

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.