Financial Partners Group LLC Sells 91 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Partners Group LLC cut its position in The Home Depot, Inc. (NYSE:HD) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,995 shares of the home improvement retailer’s stock after selling 91 shares during the quarter. Home Depot makes up approximately 2.5% of Financial Partners Group LLC’s investment portfolio, making the stock its 14th largest holding. Financial Partners Group LLC’s holdings in Home Depot were worth $6,519,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HD. Bare Financial Services Inc purchased a new stake in shares of Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC boosted its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $35,000. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Truist Financial dropped their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Wells Fargo & Company decreased their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $378.42.

Home Depot Stock Up 0.8 %

Shares of NYSE:HD opened at $344.24 on Monday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The business has a fifty day moving average of $338.51 and a two-hundred day moving average of $352.80. The stock has a market cap of $341.35 billion, a P/E ratio of 23.09, a PEG ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.82 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.