AIMZ Investment Advisors LLC Has $1.63 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

AIMZ Investment Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,440 shares of the home improvement retailer’s stock after selling 251 shares during the period. AIMZ Investment Advisors LLC’s holdings in Home Depot were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Palisades Hudson Asset Management L.P. lifted its position in shares of Home Depot by 1.1% during the 4th quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock worth $1,045,000 after purchasing an additional 28 shares during the last quarter. Independent Wealth Network Inc. lifted its position in shares of Home Depot by 1.2% during the 4th quarter. Independent Wealth Network Inc. now owns 2,455 shares of the home improvement retailer’s stock worth $1,019,000 after purchasing an additional 30 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of Home Depot by 3.7% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 841 shares of the home improvement retailer’s stock worth $349,000 after purchasing an additional 30 shares during the last quarter. Philadelphia Trust Co. lifted its position in shares of Home Depot by 0.8% during the 4th quarter. Philadelphia Trust Co. now owns 3,653 shares of the home improvement retailer’s stock worth $1,516,000 after purchasing an additional 30 shares during the last quarter. Finally, Coastline Trust Co lifted its position in shares of Home Depot by 0.7% during the 4th quarter. Coastline Trust Co now owns 4,375 shares of the home improvement retailer’s stock worth $1,816,000 after purchasing an additional 30 shares during the last quarter. 70.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at $431,595. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $431,595. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $309.69 on Friday. The firm has a market cap of $318.29 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $420.61. The stock’s 50 day simple moving average is $290.90 and its 200 day simple moving average is $310.73.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. Home Depot’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.86 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. DA Davidson cut their price objective on Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Truist Financial cut their price objective on Home Depot from $405.00 to $375.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Citigroup upped their price target on Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Finally, Guggenheim cut their price target on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

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

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