CHURCHILL MANAGEMENT Corp cut its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,805 shares of the home improvement retailer’s stock after selling 864 shares during the period. Home Depot comprises about 0.4% of CHURCHILL MANAGEMENT Corp’s holdings, making the stock its 23rd largest position. CHURCHILL MANAGEMENT Corp’s holdings in Home Depot were worth $25,385,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after buying an additional 701,811 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth about $4,325,629,000. Fisher Asset Management LLC increased its position in shares of Home Depot by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 7,830,978 shares of the home improvement retailer’s stock worth $3,249,934,000 after purchasing an additional 346,970 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Home Depot by 11.4% during the third quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock worth $1,937,946,000 after purchasing an additional 605,827 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Home Depot by 12.2% during the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares in the last quarter. Institutional investors own 70.61% of the company’s stock.
In other Home Depot news, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $287.73 per share, with a total value of $431,595.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $431,595. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the 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 transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
A number of analysts have recently commented on HD shares. Raymond James cut their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 18th. Wells Fargo & Company lowered their price target on Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Wedbush lowered their price target on Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. OTR Global lowered Home Depot to a “positive” rating in a report on Tuesday, May 10th. Finally, Truist Financial lowered their price target on Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $369.82.
Shares of Home Depot stock opened at $275.42 on Friday. The business has a 50 day moving average price of $295.04 and a 200 day moving average price of $333.63. 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 company has a market capitalization of $283.06 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.61 and a beta of 0.97. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.42. The company had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Home Depot’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.86 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.76%. Home Depot’s dividend payout ratio (DPR) is 48.25%.
About Home Depot (Get Rating)
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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