One Plus One Wealth Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,625 shares of the home improvement retailer’s stock after selling 161 shares during the period. One Plus One Wealth Management LLC’s holdings in Home Depot were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. purchased a new stake in shares of Home Depot in the first quarter valued at about $2,933,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the first quarter valued at about $27,000. Ergoteles LLC purchased a new stake in shares of Home Depot in the first quarter valued at about $1,554,000. Equitable Holdings Inc. lifted its holdings in shares of Home Depot by 7.4% in the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares in the last quarter. Hedge funds and other institutional investors own 69.91% of the company’s stock.
Insider Activity
In other news, EVP Hector A. Padilla sold 1,502 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the transaction, the executive vice president now directly owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% of the company’s stock.
Home Depot Price Performance
Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.02. The business had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.09 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $2.09 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.
Analysts Set New Price Targets
Several analysts have issued reports on HD shares. Jefferies Financial Group upped their price target on shares of Home Depot from $337.00 to $349.00 in a report on Wednesday, June 14th. Loop Capital upped their price objective on shares of Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Guggenheim reduced their price objective on shares of Home Depot from $335.00 to $320.00 in a research note on Wednesday, May 17th. StockNews.com began coverage on shares of Home Depot in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, 92 Resources reissued a “maintains” rating on shares of Home Depot in a research note on Wednesday, May 17th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.43.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. 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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