Pinnacle Wealth Management Group Inc. decreased its stake in The Home Depot, Inc. (NYSE: HD – Get Rating) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,101 shares of the home improvement retailer’s stock after selling 115 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Home Depot were worth $ 457,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Camden National Bank raised its position in shares of Home Depot by 9.7% in the fourth quarter. Camden National Bank now owns 2,563 shares of home improvement retailer’s stock valued at $ 681,000 after purchasing an additional 226 shares during the period. Morgan Stanley raised its position in shares of Home Depot by 1.4% in the second quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $ 3,669,058,000 after purchasing an additional 162,299 shares during the period. Keudell Morrison Wealth Management raised its position in shares of Home Depot by 0.5% in the third quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock valued at $ 3,108,000 after purchasing an additional 46 shares during the period. Center for Financial Planning Inc. raised its position in shares of Home Depot by 25.1% in the third quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock valued at $ 1,050,000 after purchasing an additional 642 shares during the period. Finally, EagleClaw Capital Managment LLC raised its position in shares of Home Depot by 5.3% in the third quarter. EagleClaw Capital Managment LLC now owns 40,517 shares of the home improvement retailer’s stock valued at $ 13,301,000 after purchasing an additional 2,023 shares during the period. 70.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Depot stock opened at $ 270.73 on Friday. The Home Depot, Inc. has a 52-week low of $ 269.73 and a 52-week high of $ 420.61. The stock has a market capitalization of $ 278.25 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The company has a fifty day moving average of $ 297.91 and a 200-day moving average of $ 336.99. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11.
Home Depot (NYSE: HD – Get Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $ 4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 3.67 by $ 0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company had revenue of $ 38.91 billion during the quarter, compared to analysts’ expectations of $ 36.78 billion. During the same quarter in the prior year, the company earned $ 3.86 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $ 1.90 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $ 7.60 dividend on an annualized basis and a dividend yield of 2.81%. Home Depot’s dividend payout ratio (DPR) is 48.25%.
In related news, EVP Hector A. Padilla sold 136 shares of the company stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $ 289.23, for a total transaction of $ 39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $ 3,248,052.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Hector A. Padilla sold 504 shares of the company stock in a transaction on Friday, March 25th. The shares were sold at an average price of $ 309.80, for a total transaction of $ 156,139.20. The disclosure for this sale can be found here. Insiders sold a total of 11,933 shares of company stock valued at $ 3,448,197 in the last ninety days. 0.17% of the stock is owned by corporate insiders.
HD has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of Home Depot from $ 413.00 to $ 402.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. DA Davidson reduced their price objective on shares of Home Depot from $ 354.00 to $ 330.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Piper Sandler boosted their price objective on shares of Home Depot from $ 310.00 to $ 321.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. TheStreet cut shares of Home Depot from a “b” rating to a “c +” rating in a research note on Tuesday, February 22nd. Finally, Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Buy” and a consensus target price of $ 373.86.
About Home Depot: (Get Rating)
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 décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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