Parsons Capital Management Inc. RI lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,621 shares of the home improvement retailer’s stock after selling 208 shares during the period. Home Depot accounts for about 1.1% of Parsons Capital Management Inc. RI’s investment portfolio, making the stock its 16th largest holding. Parsons Capital Management Inc. RI’s holdings in Home Depot were worth $14,054,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HD. Cottage Street Advisors LLC increased its position in Home Depot by 26,657.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after buying an additional 3,567,063 shares in the last quarter. Sigma Planning Corp increased its position in Home Depot by 1.6% during the 4th quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock valued at $13,718,000 after buying an additional 672 shares in the last quarter. Howard Financial Services LTD. increased its position in Home Depot by 7.2% during the 1st quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock valued at $215,000 after buying an additional 49 shares in the last quarter. Legacy Bridge LLC increased its position in Home Depot by 1.8% during the 4th quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock valued at $1,647,000 after buying an additional 90 shares in the last quarter. Finally, Centurion Wealth Management LLC bought a new position in Home Depot during the 4th quarter valued at approximately $411,000. Institutional investors own 69.91% of the company’s stock.
Insiders Place Their Bets
In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the sale, the executive vice president now directly owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Home Depot Trading Down 2.3 %
Shares of HD stock opened at $306.63 on Thursday. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The stock’s 50-day moving average price is $295.39 and its 200-day moving average price is $303.32. The stock has a market capitalization of $308.28 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.
Home Depot (NYSE:HD – Free Report) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same period in the previous year, the firm posted $4.09 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $2.09 per share. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a yield of 2.73%. Home Depot’s payout ratio is currently 50.94%.
Home Depot Company 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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