Paradigm Asset Management Co. LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Paradigm Asset Management Co. LLC reduced its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,290 shares of the home improvement retailer’s stock after selling 200 shares during the period. Home Depot makes up 0.8% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 16th biggest position. Paradigm Asset Management Co. LLC’s holdings in Home Depot were worth $2,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot during the fourth quarter valued at about $26,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC boosted its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $35,000. Finally, Advantage Trust Co purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Royal Bank of Canada lifted their price target on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. HSBC decreased their price target 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. Truist Financial reduced their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $377.46.

Check Out Our Latest Report on HD

Home Depot Price Performance

Shares of NYSE:HD traded down $1.79 on Monday, reaching $325.10. 2,736,800 shares of the company were exchanged, compared to its average volume of 3,395,239. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market cap of $322.37 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01. The company has a 50-day moving average of $350.54 and a 200-day moving average of $348.29.

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

Home Depot Announces Dividend

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

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Home Depot Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.