Hilton Capital Management LLC Has $212,000 Stake in The Home Depot, Inc. (NYSE:HD)

Hilton Capital Management LLC lowered its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 67.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 707 shares of the home improvement retailer’s stock after selling 1,480 shares during the period. Hilton Capital Management LLC’s holdings in Home Depot were worth $212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter valued at $4,325,629,000. Jennison Associates LLC increased its stake in shares of Home Depot by 21.1% in the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after acquiring an additional 840,033 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after acquiring an additional 701,811 shares in the last quarter. Deutsche Bank AG increased its stake in Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after purchasing an additional 566,462 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in Home Depot by 41.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock valued at $622,418,000 after purchasing an additional 436,942 shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HD. Wedbush decreased their price target on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Wells Fargo & Company decreased their price target on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Piper Sandler upped their target price on shares of Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 18th. Raymond James reduced their target price on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Finally, Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $368.45.

Home Depot Stock Performance

NYSE HD opened at $307.17 on Friday. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $420.61. The stock has a 50-day moving average of $290.88 and a 200 day moving average of $311.12. The company has a market capitalization of $315.70 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results 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 negative return on equity of 21,952.60% and a net margin of 10.83%. The business had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same period in the previous year, the company posted $3.86 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 16.39 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. 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 2.47%. Home Depot’s payout ratio is currently 48.25%.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at $14,739,935.25. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Profile

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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