Dumont & Blake Investment Advisors LLC Acquires 101 Shares of The Home Depot, Inc. (NYSE:HD)

Dumont & Blake Investment Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,106 shares of the home improvement retailer’s stock after acquiring an additional 101 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Home Depot were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the 4th quarter valued at approximately $27,000. Keener Financial Planning LLC bought a new stake in Home Depot in the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $35,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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. Evercore ISI lifted their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Finally, UBS Group dropped their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Price Performance

Shares of NYSE HD traded up $2.75 during midday trading on Friday, reaching $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. 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 company has a market cap of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.38 and a beta of 1.00. The business’s 50 day moving average price is $338.51 and its two-hundred day moving average price is $352.74. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

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 the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the previous year, the firm earned $3.82 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following 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 filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.