Quilter Plc Sells 3,221 Shares of The Home Depot, Inc. (NYSE:HD)

Quilter Plc cut its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,549 shares of the home improvement retailer’s stock after selling 3,221 shares during the period. Quilter Plc’s holdings in Home Depot were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other hedge funds have also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC boosted its stake in shares of Home Depot by 1.5% during the second quarter. Measured Wealth Private Client Group LLC now owns 2,294 shares of the home improvement retailer’s stock valued at $629,000 after purchasing an additional 33 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Home Depot by 5.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after acquiring an additional 33 shares in the last quarter. First National Corp MA ADV increased its holdings in shares of Home Depot by 1.4% during the second quarter. First National Corp MA ADV now owns 2,505 shares of the home improvement retailer’s stock valued at $687,000 after acquiring an additional 35 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Home Depot by 1.2% during the second quarter. Personal CFO Solutions LLC now owns 2,872 shares of the home improvement retailer’s stock valued at $788,000 after acquiring an additional 35 shares in the last quarter. Finally, Insight Folios Inc increased its holdings in shares of Home Depot by 2.1% during the second quarter. Insight Folios Inc now owns 1,730 shares of the home improvement retailer’s stock valued at $475,000 after acquiring an additional 36 shares in the last quarter. 68.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Piper Sandler reduced their price objective on Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a report on Wednesday, November 16th. Wedbush decreased their target price on Home Depot to $280.00 in a research note on Wednesday, November 16th. Citigroup decreased their target price on Home Depot from $348.00 to $340.00 in a research note on Monday, October 31st. Guggenheim reduced their price objective on Home Depot to $335.00 in a research note on Thursday, November 17th. Finally, Truist Financial reduced their price objective on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $341.24.

Insider Activity at Home Depot

In other Home Depot news, Director Paula Santilli bought 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was bought at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the purchase, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Paula Santilli bought 1,583 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the acquisition, the director now owns 1,583 shares in the company, valued at approximately $499,911.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Stock Down 1.1 %

Home Depot stock opened at $327.53 on Wednesday. The firm has a market cap of $335.30 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $374.67. The business’s 50-day moving average price is $319.85 and its 200 day moving average price is $301.67. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. The company had revenue of $38.87 billion for the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. Home Depot’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.92 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $1.90 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 annualized dividend and a dividend yield of 2.32%. Home Depot’s dividend payout ratio (DPR) is presently 45.81%.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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