Patton Albertson Miller Group LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Patton Albertson Miller Group LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 22,718 shares of the home improvement retailer’s stock after selling 1,014 shares during the quarter. Home Depot comprises about 1.2% of Patton Albertson Miller Group LLC’s holdings, making the stock its 17th biggest holding. Patton Albertson Miller Group LLC’s holdings in Home Depot were worth $6,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Rinkey Investments bought a new position in Home Depot during the 4th quarter valued at about $25,000. Shore Point Advisors LLC bought a new position in Home Depot during the 4th quarter valued at about $26,000. Tobam bought a new position in Home Depot during the 1st quarter valued at about $27,000. Barnett & Company Inc. lifted its stake in Home Depot by 173.1% during the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Finally, TFO TDC LLC bought a new position in Home Depot during the 1st quarter valued at about $30,000. Institutional investors own 70.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 18th. Citigroup increased their price objective on shares of Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Truist Financial lowered their price objective on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Morgan Stanley lowered their price objective on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, Guggenheim lowered their price objective on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Insider Activity at Home Depot

In related news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now directly owns 51,175 shares in the company, valued at $14,739,935.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Trading Up 0.5 %

Shares of HD opened at $306.59 on Monday. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The company has a 50 day simple moving average of $288.95 and a two-hundred day simple moving average of $315.25. The firm has a market cap of $315.10 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same period last year, the firm posted $3.86 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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