Transform Wealth LLC Sells 540 Shares of The Home Depot, Inc. (NYSE:HD)

Transform Wealth LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,675 shares of the home improvement retailer’s stock after selling 540 shares during the quarter. Transform Wealth LLC’s holdings in Home Depot were worth $10,876,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mainsail Financial Group LLC boosted its stake in shares of Home Depot by 6.4% in the 1st quarter. Mainsail Financial Group LLC now owns 2,581 shares of the home improvement retailer’s stock valued at $946,000 after purchasing an additional 155 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in shares of Home Depot by 0.3% in the 1st quarter. Donaldson Capital Management LLC now owns 196,243 shares of the home improvement retailer’s stock valued at $71,921,000 after purchasing an additional 658 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in shares of Home Depot in the 1st quarter valued at about $233,000. USA Financial Formulas boosted its stake in shares of Home Depot by 25.3% in the 1st quarter. USA Financial Formulas now owns 218 shares of the home improvement retailer’s stock valued at $80,000 after purchasing an additional 44 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in shares of Home Depot by 6.5% in the 1st quarter. Curbstone Financial Management Corp now owns 7,430 shares of the home improvement retailer’s stock valued at $2,723,000 after purchasing an additional 454 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Piper Sandler reduced their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company reduced their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Wedbush reiterated an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $426.77.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 0.8%

HD stock opened at $368.15 on Wednesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a fifty day moving average price of $361.75 and a two-hundred day moving average price of $383.94. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock has a market cap of $366.28 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the firm posted $3.63 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

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.