The Home Depot, Inc. (NYSE:HD) Position Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,194 shares of the home improvement retailer’s stock after acquiring an additional 245 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $804,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter worth about $29,000. Abound Financial LLC bought a new position in shares of Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its position in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 46 shares during the last quarter. Quarry LP lifted its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter worth about $39,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Monday, June 30th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Finally, Mizuho dropped their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Trading Down 0.8%

NYSE:HD opened at $370.15 on Monday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market cap of $368.27 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company’s 50 day moving average is $366.14 and its 200-day moving average is $375.29.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the firm posted $3.63 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling at Home Depot

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

Home Depot Company Profile

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.