Schnieders Capital Management LLC Sells 1,705 Shares of The Home Depot, Inc. (NYSE:HD)

Schnieders Capital Management LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,182 shares of the home improvement retailer’s stock after selling 1,705 shares during the period. Home Depot makes up about 0.9% of Schnieders Capital Management LLC’s holdings, making the stock its 25th biggest holding. Schnieders Capital Management LLC’s holdings in Home Depot were worth $4,222,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Fountainhead AM LLC grew its holdings in shares of Home Depot by 39.4% during the fourth quarter. Fountainhead AM LLC now owns 945 shares of the home improvement retailer’s stock valued at $327,000 after buying an additional 267 shares during the last quarter. F M Investments LLC bought a new stake in Home Depot in the fourth quarter worth about $236,000. Cumberland Partners Ltd raised its position in Home Depot by 7.8% in the fourth quarter. Cumberland Partners Ltd now owns 45,723 shares of the home improvement retailer’s stock worth $15,845,000 after acquiring an additional 3,325 shares during the period. GAMMA Investing LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $4,153,000. Finally, Eudaimonia Advisors LLC raised its position in shares of Home Depot by 12.8% in the fourth quarter. Eudaimonia Advisors LLC now owns 2,299 shares of the home improvement retailer’s stock valued at $797,000 after purchasing an additional 260 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HD. Truist Financial reissued a “buy” rating and issued a $417.00 price target on shares of Home Depot in a research report on Wednesday, April 17th. TD Cowen boosted their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Finally, Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Price Performance

Shares of HD traded down $5.99 during trading hours on Wednesday, reaching $333.01. 3,846,833 shares of the company traded hands, compared to its average volume of 3,344,542. The stock has a fifty day simple moving average of $366.40 and a 200 day simple moving average of $340.51. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a market capitalization of $330.02 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.30 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.