The Home Depot, Inc. (NYSE:HD) Shares Sold by Trust Co. of Virginia VA

Trust Co. of Virginia VA trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,636 shares of the home improvement retailer’s stock after selling 950 shares during the quarter. Home Depot accounts for approximately 1.7% of Trust Co. of Virginia VA’s portfolio, making the stock its 14th largest holding. Trust Co. of Virginia VA’s holdings in Home Depot were worth $17,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new position in Home Depot during the third quarter worth about $245,000. Trexquant Investment LP grew its position in shares of Home Depot by 300.3% in the third quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock valued at $2,529,000 after purchasing an additional 6,280 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Home Depot in the third quarter valued at approximately $773,000. Jones Financial Companies Lllp grew its position in shares of Home Depot by 11.2% in the third quarter. Jones Financial Companies Lllp now owns 8,929 shares of the home improvement retailer’s stock valued at $2,698,000 after purchasing an additional 900 shares during the last quarter. Finally, Kidder Stephen W grew its position in shares of Home Depot by 1.4% in the third quarter. Kidder Stephen W now owns 28,789 shares of the home improvement retailer’s stock valued at $8,699,000 after purchasing an additional 400 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and increased their price target for the company from $352.00 to $395.00 in a research report on Wednesday. Truist Financial reduced their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Tuesday, May 14th. Finally, Bank of America upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Performance

Shares of Home Depot stock traded up $2.75 during trading hours on Friday, reaching $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The company’s 50 day simple moving average is $338.51 and its 200 day simple moving average is $352.60. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market cap of $341.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $3.82 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.