Humankind Investments LLC Sells 100 Shares of The Home Depot, Inc. (NYSE:HD)

Humankind Investments LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,400 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. Humankind Investments LLC’s holdings in Home Depot were worth $545,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Navigoe LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $32,000. Finally, Quarry LP increased its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Truist Financial lifted their target price on shares of Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Wedbush restated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

Home Depot Stock Down 0.6 %

Shares of HD opened at $362.55 on Friday. The business’s 50 day moving average is $358.23 and its 200 day moving average is $388.76. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market capitalization of $360.39 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is 61.66%.

Home Depot Company Profile

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.