Salomon & Ludwin LLC Has $546,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Salomon & Ludwin LLC increased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 10.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,824 shares of the home improvement retailer’s stock after purchasing an additional 172 shares during the quarter. Salomon & Ludwin LLC’s holdings in Home Depot were worth $546,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in 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. Norges Bank bought a new position in Home Depot in the 4th quarter valued at about $4,325,629,000. Fisher Asset Management LLC lifted its position in Home Depot by 3.9% in the 1st quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock valued at $2,435,009,000 after acquiring an additional 303,885 shares in the last quarter. Deutsche Bank AG lifted its position in Home Depot by 12.2% in 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 acquiring an additional 566,462 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in 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. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, EVP Hector A. Padilla sold 136 shares of the business’s 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 transaction, 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 can be accessed through the SEC website. In other news, EVP Ann Marie Campbell sold 11,293 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction 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 approximately $14,739,935.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the business’s 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 transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Home Depot Trading Up 0.8 %

Home Depot stock opened at $309.69 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The firm has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99. The firm has a 50 day simple moving average of $290.90 and a 200 day simple moving average of $310.73.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share 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 21,952.60%. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same period in the previous year, the business earned $3.86 EPS. Home Depot’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 16.43 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors 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 yield of 2.45%. Home Depot’s dividend payout ratio is 48.25%.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Wedbush dropped their price target on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 18th. DA Davidson dropped their target price on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Truist Financial dropped their target price on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Citigroup lifted their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Finally, Evercore ISI dropped their target price on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $368.45.

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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