Blair William & Co. IL Lowers Position in Home Depot Inc (NYSE:HD)

Blair William & Co. IL cut its holdings in Home Depot Inc (NYSE:HD) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 576,469 shares of the home improvement retailer’s stock after selling 6,240 shares during the quarter. Blair William & Co. IL owned approximately 0.05% of Home Depot worth $107,632,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HD. SRS Capital Advisors Inc. lifted its holdings in Home Depot by 2.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,310 shares of the home improvement retailer’s stock valued at $505,000 after purchasing an additional 45 shares in the last quarter. Northern Oak Wealth Management Inc. increased its stake in shares of Home Depot by 0.5% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 9,500 shares of the home improvement retailer’s stock worth $2,075,000 after acquiring an additional 47 shares during the last quarter. Garrison Asset Management LLC increased its stake in shares of Home Depot by 3.6% in the 1st quarter. Garrison Asset Management LLC now owns 1,366 shares of the home improvement retailer’s stock worth $255,000 after acquiring an additional 47 shares during the last quarter. Eads & Heald Wealth Management increased its stake in shares of Home Depot by 0.8% in the 4th quarter. Eads & Heald Wealth Management now owns 5,706 shares of the home improvement retailer’s stock worth $1,246,000 after acquiring an additional 48 shares during the last quarter. Finally, Sharkey Howes & Javer increased its stake in shares of Home Depot by 2.3% in the 1st quarter. Sharkey Howes & Javer now owns 2,135 shares of the home improvement retailer’s stock worth $399,000 after acquiring an additional 48 shares during the last quarter. 69.75% of the stock is owned by institutional investors.

A number of brokerages have issued reports on HD. Piper Sandler raised their target price on Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. Nomura Instinet raised their target price on Home Depot from $240.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating and set a $231.00 target price for the company in a research note on Thursday, April 30th. Stifel Nicolaus raised their target price on Home Depot from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush raised their target price on Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $251.03.

In other news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $234.34, for a total value of $2,307,780.32. Following the completion of the transaction, the executive vice president now owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

NYSE HD traded up $1.00 during trading on Friday, hitting $241.88. The stock had a trading volume of 3,041,253 shares, compared to its average volume of 5,876,560. The company has a market capitalization of $258.73 billion, a PE ratio of 24.04, a PEG ratio of 2.22 and a beta of 1.03. The firm has a 50 day moving average price of $213.77 and a 200 day moving average price of $219.47. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $248.32.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). The company had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. On average, equities research analysts forecast that Home Depot Inc will post 9.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, June 3rd. Home Depot’s payout ratio is presently 58.54%.

About Home Depot

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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