Thomas White International Ltd. Has $791,000 Stock Position in Home Depot Inc (NYSE:HD)

Thomas White International Ltd. lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,237 shares of the home improvement retailer’s stock after selling 200 shares during the period. Thomas White International Ltd.’s holdings in Home Depot were worth $791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP acquired a new stake in Home Depot during the first quarter worth approximately $27,000. Lion Street Advisors LLC acquired a new stake in Home Depot during the first quarter worth approximately $28,000. Litman Gregory Asset Management LLC grew its stake in Home Depot by 2,042.9% during the fourth quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 143 shares during the period. Evolution Wealth Advisors LLC grew its stake in Home Depot by 85.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 73 shares during the period. Finally, Cordasco Financial Network grew its stake in Home Depot by 120.5% during the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares during the period. 69.85% of the stock is owned by institutional investors and hedge funds.

Home Depot stock traded down $1.62 during mid-day trading on Monday, reaching $246.86. 50,895 shares of the company’s stock were exchanged, compared to its average volume of 5,572,220. The business’s fifty day simple moving average is $222.23 and its 200 day simple moving average is $219.77. The firm has a market capitalization of $267.25 billion, a PE ratio of 24.70, a P/E/G ratio of 2.29 and a beta of 1.06. Home Depot Inc has a one year low of $140.63 and a one year high of $252.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. As a group, equities research analysts anticipate that Home Depot Inc will post 9.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s dividend payout ratio is currently 58.54%.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction 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 the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total value of $2,307,780.32. Following the completion of the sale, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

HD has been the topic of several recent research reports. Piper Sandler increased their price target on Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. They noted that the move was a valuation call. Raymond James increased their price target on Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Royal Bank of Canada increased their price target on Home Depot from $261.00 to $266.00 in a report on Wednesday, May 20th. Telsey Advisory Group increased their price target on Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a report on Wednesday, May 20th. Finally, Barclays reiterated a “buy” rating and issued a $260.00 price target (up previously from $235.00) on shares of Home Depot in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $252.03.

Home Depot Profile

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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