The Home Depot, Inc. (NYSE:HD) Stock Position Lowered by Werlinich Asset Management LLC

Werlinich Asset Management LLC lessened its position in The Home Depot, Inc. (NYSE:HDFree Report) by 2.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,799 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Werlinich Asset Management LLC’s holdings in Home Depot were worth $694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter worth $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter worth $31,000. PFG Private Wealth Management LLC grew its holdings in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7 %

Shares of NYSE:HD traded up $2.36 on Friday, reaching $355.80. The company had a trading volume of 6,596,539 shares, compared to its average volume of 3,061,367. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a 50-day moving average price of $337.65 and a 200 day moving average price of $352.23. The stock has a market capitalization of $352.81 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.44 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HDGet Free Report) last announced 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 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 analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the firm earned $3.82 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed 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 was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.53%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HD shares. TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Evercore ISI lifted their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Bank of America lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial lowered their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Royal Bank of Canada lifted their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Read Our Latest Report on HD

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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.

Further Reading

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.