The Home Depot, Inc. (NYSE:HD) Shares Sold by Laird Norton Trust Company LLC

Laird Norton Trust Company LLC cut its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 2.7% in the 1st quarter, HoldingsChannel reports. The fund owned 1,918 shares of the home improvement retailer’s stock after selling 53 shares during the period. Laird Norton Trust Company LLC’s holdings in Home Depot were worth $574,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sky Investment Group LLC increased its holdings in shares of Home Depot by 3.4% during the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock worth $6,345,000 after buying an additional 703 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Home Depot by 28.5% during the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock worth $617,000 after buying an additional 457 shares during the last quarter. Diversified LLC increased its holdings in shares of Home Depot by 1.5% during the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after buying an additional 47 shares during the last quarter. Matisse Capital increased its holdings in shares of Home Depot by 3.9% during 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 during the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Home Depot by 4.6% during 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. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of the business’s stock in a transaction 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 completion of the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $431,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Becker Caryn Seidman bought 1,500 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Guggenheim dropped their price objective on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Citigroup increased their price target on Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Morgan Stanley lowered their price target on Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Piper Sandler increased their price target on Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a report on Wednesday, May 18th. Finally, Gordon Haskett downgraded Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $368.45.

Home Depot Stock Performance

Shares of HD stock opened at $309.69 on Friday. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $420.61. The company’s 50-day simple moving average is $290.90 and its 200-day simple moving average is $310.73. The stock 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.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 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 business had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. During the same quarter last year, the company posted $3.86 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 16.43 EPS for the current year.

Home Depot Announces Dividend

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

About Home Depot

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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.

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

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