Transform Wealth LLC Sells 4,331 Shares of The Home Depot, Inc. (NYSE:HD)

Transform Wealth LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 15.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,434 shares of the home improvement retailer’s stock after selling 4,331 shares during the period. Transform Wealth LLC’s holdings in Home Depot were worth $9,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bey Douglas LLC bought a new position in Home Depot during the fourth quarter valued at approximately $913,000. Hartline Investment Corp lifted its position in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares during the period. Wolf Group Capital Advisors lifted its position in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares during the period. Alliance Wealth Management Group bought a new position in Home Depot during the fourth quarter valued at approximately $253,000. Finally, Zullo Investment Group Inc. lifted its position in Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.1 %

HD traded down $0.33 on Thursday, reaching $341.49. 2,688,313 shares of the company traded hands, compared to its average volume of 3,442,506. 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 simple moving average of $338.15 and a two-hundred day simple moving average of $352.59. The company has a market cap of $338.62 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $3.82 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of research reports. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the company from $352.00 to $395.00 in a report on Wednesday. Citigroup reduced their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Truist Financial reduced their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, TD Cowen reduced their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

About Home Depot

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.