The Home Depot, Inc. (NYSE:HD) Shares Sold by Keystone Wealth Services LLC

Keystone Wealth Services LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,750 shares of the home improvement retailer’s stock after selling 81 shares during the quarter. Keystone Wealth Services LLC’s holdings in Home Depot were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rodgers Brothers Inc. raised its stake in shares of Home Depot by 18.9% during the fourth quarter. Rodgers Brothers Inc. now owns 1,332 shares of the home improvement retailer’s stock worth $553,000 after purchasing an additional 212 shares during the last quarter. Unigestion Holding SA raised its stake in shares of Home Depot by 937.2% during the fourth quarter. Unigestion Holding SA now owns 6,576 shares of the home improvement retailer’s stock worth $2,729,000 after purchasing an additional 5,942 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Home Depot by 1.0% during the fourth quarter. IHT Wealth Management LLC now owns 12,424 shares of the home improvement retailer’s stock worth $5,156,000 after purchasing an additional 124 shares during the last quarter. Banco de Sabadell S.A raised its stake in shares of Home Depot by 52.0% during the fourth quarter. Banco de Sabadell S.A now owns 9,449 shares of the home improvement retailer’s stock worth $3,915,000 after purchasing an additional 3,233 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Home Depot by 6.1% during the fourth quarter. LPL Financial LLC now owns 973,675 shares of the home improvement retailer’s stock worth $404,060,000 after purchasing an additional 55,638 shares during the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Carey sold 12,650 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HD shares. Guggenheim upped their price objective on Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. MKM Partners started coverage on Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective on the stock. Robert W. Baird upped their price objective on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Morgan Stanley upped their price objective on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. Finally, Piper Sandler upped their price objective on Home Depot to $327.00 in a report on Monday, August 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Stock Down 0.9 %

Shares of NYSE:HD opened at $269.14 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The stock’s fifty day simple moving average is $299.46 and its 200-day simple moving average is $299.57. The company has a market capitalization of $275.53 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The business had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period in the prior year, the business earned $4.53 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot declared that its board has authorized a stock buyback program on Thursday, August 18th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $1.90 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.82%. Home Depot’s dividend payout ratio is currently 46.71%.

Home Depot Company 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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