Hudson Edge Investment Partners Inc. Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Hudson Edge Investment Partners Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,365 shares of the home improvement retailer’s stock after selling 715 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Home Depot were worth $5,631,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Weaver Consulting Group raised its holdings in shares of Home Depot by 2.3% in the 1st quarter. Weaver Consulting Group now owns 2,942 shares of the home improvement retailer’s stock valued at $1,078,000 after purchasing an additional 65 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Home Depot by 2.0% during the first quarter. Private Trust Co. NA now owns 17,643 shares of the home improvement retailer’s stock valued at $6,466,000 after purchasing an additional 340 shares in the last quarter. Mainstream Capital Management LLC increased its holdings in Home Depot by 1,360.1% during the first quarter. Mainstream Capital Management LLC now owns 4,322 shares of the home improvement retailer’s stock valued at $1,584,000 after buying an additional 4,026 shares during the period. Alley Investment Management Company LLC raised its stake in Home Depot by 0.5% in the first quarter. Alley Investment Management Company LLC now owns 53,903 shares of the home improvement retailer’s stock worth $19,755,000 after buying an additional 264 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in Home Depot by 6.0% during the first quarter. Krane Funds Advisors LLC now owns 1,753 shares of the home improvement retailer’s stock worth $642,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Mizuho cut their price target on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Monday. Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was 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 corporate insiders.

Home Depot Trading Down 0.3%

Shares of NYSE:HD opened at $372.05 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $370.16 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.55 and a beta of 1.00. The business has a 50-day moving average price of $364.63 and a 200-day moving average price of $376.86.

Home Depot (NYSE:HD) last posted its quarterly 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). The business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.47%. Home Depot’s dividend payout ratio is presently 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.