Schrum Private Wealth Management LLC Sells 38 Shares of The Home Depot, Inc. (NYSE:HD)

Schrum Private Wealth Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,040 shares of the home improvement retailer’s stock after selling 38 shares during the quarter. Home Depot comprises about 1.2% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Schrum Private Wealth Management LLC’s holdings in Home Depot were worth $1,210,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rinkey Investments purchased a new stake in Home Depot during the fourth quarter valued at $25,000. Shore Point Advisors LLC purchased a new stake in Home Depot during the fourth quarter valued at $26,000. Tobam purchased a new stake in Home Depot during the first quarter valued at $27,000. Barnett & Company Inc. raised its stake in Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Finally, TFO TDC LLC purchased a new stake in Home Depot during the first quarter valued at $30,000. Institutional investors own 70.61% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $300.94 on Monday. The firm has a market cap of $309.29 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a 50 day moving average price of $289.89 and a 200-day moving average price of $312.15. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The firm had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. During the same quarter last year, the company earned $3.86 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 16.39 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.53%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HD. DA Davidson decreased their price target on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Raymond James reduced their price target on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Piper Sandler raised their price target on shares of Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 18th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Finally, Evercore ISI reduced their price target on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $368.45.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Home Depot news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Becker Caryn Seidman bought 1,500 shares of the stock in a transaction on Monday, May 23rd. The shares were acquired at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the purchase, the director now owns 1,500 shares in the company, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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