Tradition Wealth Management LLC Sells 50 Shares of The Home Depot, Inc. (NYSE:HD)

Tradition Wealth Management LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,281 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Tradition Wealth Management LLC’s holdings in Home Depot were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Home Depot during the 3rd quarter valued at approximately $64,000. Great Lakes Advisors LLC raised its position in shares of Home Depot by 2.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 51,343 shares of the home improvement retailer’s stock worth $15,514,000 after acquiring an additional 1,236 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Home Depot by 3.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 79,669 shares of the home improvement retailer’s stock valued at $24,073,000 after purchasing an additional 3,024 shares during the period. Northstar Asset Management Inc. boosted its position in shares of Home Depot by 0.3% during the 3rd quarter. Northstar Asset Management Inc. now owns 34,865 shares of the home improvement retailer’s stock valued at $10,535,000 after purchasing an additional 107 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its position in shares of Home Depot by 6.2% during the 3rd quarter. Valmark Advisers Inc. now owns 8,982 shares of the home improvement retailer’s stock valued at $2,714,000 after purchasing an additional 526 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred 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 owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. Robert W. Baird reissued an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Stifel Nicolaus boosted their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. HSBC cut their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Get Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD traded up $5.69 during trading on Friday, reaching $334.87. The stock had a trading volume of 5,557,767 shares, compared to its average volume of 3,461,649. 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 business has a 50-day moving average of $345.00 and a 200-day moving average of $349.17. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market cap of $332.06 billion, a PE ratio of 22.46, a PEG ratio of 2.31 and a beta of 1.01.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.82 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is 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%.

Home Depot 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.

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

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