Fortem Financial Group LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Fortem Financial Group LLC lifted its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,410 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the period. Fortem Financial Group LLC’s holdings in Home Depot were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kinsale Capital Group Inc. lifted its position in Home Depot by 20.3% during the first quarter. Kinsale Capital Group Inc. now owns 12,869 shares of the home improvement retailer’s stock valued at $4,936,000 after acquiring an additional 2,175 shares during the last quarter. Tanager Wealth Management LLP increased its stake in Home Depot by 36.8% during the 1st quarter. Tanager Wealth Management LLP now owns 863 shares of the home improvement retailer’s stock valued at $331,000 after purchasing an additional 232 shares in the last quarter. StoneX Group Inc. increased its stake in Home Depot by 7.8% during the 1st quarter. StoneX Group Inc. now owns 15,531 shares of the home improvement retailer’s stock valued at $5,958,000 after purchasing an additional 1,123 shares in the last quarter. Schear Investment Advisers LLC increased its stake in Home Depot by 8.9% during the 1st quarter. Schear Investment Advisers LLC now owns 5,865 shares of the home improvement retailer’s stock valued at $2,250,000 after purchasing an additional 477 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in Home Depot by 9.0% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,322 shares of the home improvement retailer’s stock valued at $2,042,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen cut their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, May 14th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Wells Fargo & Company lowered their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Check Out Our Latest Analysis on Home Depot

Home Depot Stock Up 0.3 %

Shares of Home Depot stock opened at $334.58 on Monday. The company has a market cap of $331.77 billion, a P/E ratio of 22.44, a PEG ratio of 2.31 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a fifty day moving average of $338.47 and a two-hundred day moving average of $352.21.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.82 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is presently 60.36%.

Home Depot Profile

(Free Report)

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 d├ęcor 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.

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

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