Motco Sells 864 Shares of The Home Depot, Inc. (NYSE:HD)

Motco reduced its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,805 shares of the home improvement retailer’s stock after selling 864 shares during the period. Home Depot makes up 0.9% of Motco’s portfolio, making the stock its 21st largest holding. Motco’s holdings in Home Depot were worth $13,711,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Sky Investment Group LLC grew its holdings in shares of Home Depot by 3.4% in the first quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after purchasing an additional 703 shares in the last quarter. Everhart Financial Group Inc. lifted its position in Home Depot by 28.5% during the first quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 457 shares during the last quarter. Diversified LLC lifted its position in Home Depot by 1.5% during the first quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after purchasing an additional 47 shares during the last quarter. Matisse Capital grew its stake in shares of Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock worth $797,000 after buying an additional 100 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Home Depot by 4.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock worth $1,186,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Home Depot Trading Up 0.8 %

HD opened at $309.69 on Friday. The company has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The business’s fifty day simple moving average is $290.90 and its 200-day simple moving average is $310.73.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. The ex-dividend date 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 is currently 48.25%.

Insider Buying and Selling at Home Depot

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

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Citigroup increased their price target on shares of Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Gordon Haskett cut Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Jefferies Financial Group cut their target price on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Piper Sandler raised their price target on Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 18th. Finally, Guggenheim cut their price objective on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company 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.

See Also

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

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