The Home Depot, Inc. (NYSE:HD) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,053 shares of the home improvement retailer’s stock after selling 1,977 shares during the quarter. Home Depot makes up approximately 3.2% of Strategic Advisors LLC’s portfolio, making the stock its 7th biggest position. Strategic Advisors LLC’s holdings in Home Depot were worth $16,131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ramirez Asset Management Inc. acquired a new stake in Home Depot during the 3rd quarter valued at approximately $720,000. Townsquare Capital LLC increased its position in shares of Home Depot by 2.4% during the third quarter. Townsquare Capital LLC now owns 75,489 shares of the home improvement retailer’s stock worth $22,810,000 after buying an additional 1,737 shares during the period. Penserra Capital Management LLC raised its stake in Home Depot by 3.6% during the third quarter. Penserra Capital Management LLC now owns 396,490 shares of the home improvement retailer’s stock worth $119,801,000 after buying an additional 13,838 shares during the last quarter. Journey Advisory Group LLC lifted its holdings in Home Depot by 4.7% in the third quarter. Journey Advisory Group LLC now owns 14,974 shares of the home improvement retailer’s stock valued at $4,525,000 after buying an additional 669 shares during the period. Finally, Advisors Capital Management LLC boosted its position in Home Depot by 12.1% during the third quarter. Advisors Capital Management LLC now owns 106,558 shares of the home improvement retailer’s stock valued at $32,198,000 after acquiring an additional 11,535 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Bank of America raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company dropped their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Finally, Mizuho began coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Up 0.2 %

NYSE:HD traded up $0.81 on Friday, hitting $334.45. The stock had a trading volume of 551,533 shares, compared to its average volume of 3,419,962. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s fifty day simple moving average is $338.48 and its two-hundred day simple moving average is $352.30. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market cap of $331.64 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly 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 the consensus estimate of $36.65 billion. During the same period last year, the business posted $3.82 earnings per share. Home Depot’s revenue was down 2.3% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s payout ratio is currently 60.36%.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly 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 available through the SEC website. Insiders own 0.10% of the company’s stock.

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.