Ullmann Wealth Partners Group LLC Has $1.17 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Ullmann Wealth Partners Group LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,204 shares of the home improvement retailer’s stock after selling 52 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Home Depot were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fjell Capital LLC lifted its holdings in shares of Home Depot by 7.7% during the first quarter. Fjell Capital LLC now owns 2,864 shares of the home improvement retailer’s stock worth $1,050,000 after purchasing an additional 204 shares during the period. Vest Financial LLC lifted its holdings in Home Depot by 67.6% during the 1st quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer’s stock worth $2,955,000 after buying an additional 3,252 shares during the period. Oak Asset Management LLC lifted its holdings in Home Depot by 0.8% during the 1st quarter. Oak Asset Management LLC now owns 9,632 shares of the home improvement retailer’s stock worth $3,530,000 after buying an additional 75 shares during the period. Breakwater Capital Group lifted its holdings in Home Depot by 21.4% during the 1st quarter. Breakwater Capital Group now owns 5,297 shares of the home improvement retailer’s stock worth $1,941,000 after buying an additional 935 shares during the period. Finally, Chatham Capital Group Inc. lifted its stake in shares of Home Depot by 2.7% in the first quarter. Chatham Capital Group Inc. now owns 13,886 shares of the home improvement retailer’s stock worth $5,089,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $368.97 on Friday. The firm has a 50-day moving average of $361.58 and a 200-day moving average of $384.99. The company has a market cap of $367.10 billion, a P/E ratio of 25.07, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction 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 $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. DA Davidson dropped their price target on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Royal Bank of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.77.

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.