The Home Depot, Inc. (NYSE:HD) Holdings Trimmed by Willis Investment Counsel

Willis Investment Counsel trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,148 shares of the home improvement retailer’s stock after selling 156 shares during the period. Home Depot accounts for 2.4% of Willis Investment Counsel’s investment portfolio, making the stock its 10th biggest holding. Willis Investment Counsel’s holdings in Home Depot were worth $35,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. boosted its position in Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after purchasing an additional 24 shares during the period. Tranquility Partners LLC boosted its position in Home Depot by 1.1% during the fourth quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer’s stock worth $897,000 after purchasing an additional 26 shares during the period. Wealth Group Ltd. boosted its position in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares during the period. Members Trust Co boosted its position in Home Depot by 1.0% during the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer’s stock worth $1,047,000 after purchasing an additional 27 shares during the period. Finally, Sollinda Capital Management LLC boosted its position in Home Depot by 2.5% during the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock worth $434,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.7%

HD stock opened at $362.99 on Friday. The company has a market capitalization of $361.15 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company’s 50 day moving average price is $362.33 and its two-hundred day moving average price is $383.33. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Insider Transactions at Home Depot

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Piper Sandler lowered 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. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot 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.