Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 365,934 shares of the home improvement retailer’s stock after selling 27,200 shares during the quarter. Home Depot accounts for approximately 1.0% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 19th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Home Depot were worth $134,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HD. Wealth Group Ltd. boosted its holdings in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares during the last quarter. Tallon Kerry Patrick purchased a new position in Home Depot during the 4th quarter worth $281,000. Capital & Planning LLC boosted its holdings in Home Depot by 110.2% during the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after acquiring an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after buying an additional 32 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 2.5%

Shares of HD opened at $354.10 on Friday. The business’s 50-day moving average price is $362.73 and its 200-day moving average price is $382.50. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market cap of $352.31 billion, a PE ratio of 24.06, a P/E/G ratio of 4.03 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, DA Davidson cut their price target on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company 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.