Bartlett & CO. Wealth Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,075 shares of the home improvement retailer’s stock after selling 2,008 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Home Depot were worth $10,646,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HD. Curio Wealth LLC grew its stake in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after buying an additional 26 shares in the last quarter. Westfuller Advisors LLC increased its holdings in Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after buying an additional 27 shares during the last quarter. Darwin Wealth Management LLC raised its position in Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares in the last quarter. Alesco Advisors LLC raised its position in Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its stake in Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Down 2.5%
HD stock opened at $339.22 on Friday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The stock has a market cap of $338.24 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 4.02 and a beta of 0.95. The company has a fifty day moving average price of $326.96 and a two-hundred day moving average price of $345.24. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s dividend payout ratio is 66.19%.
Analysts Set New Price Targets
A number of research analysts have recently commented on HD shares. TD Cowen decreased their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. UBS Group dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Argus cut their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Royal Bank Of Canada reduced their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. Finally, Oppenheimer lowered their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.
Check Out Our Latest Research Report on Home Depot
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
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