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

FORVIS Wealth Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,669 shares of the home improvement retailer’s stock after selling 1,419 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Home Depot were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors raised its holdings in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after buying an additional 347,614 shares in the last quarter. Norges Bank purchased a new position in Home Depot in the fourth quarter valued at $4,311,070,000. Fisher Asset Management LLC increased its holdings in Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after buying an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after buying an additional 82,672 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HD shares. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Mizuho started coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. HSBC cut their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Finally, Wells Fargo & Company cut their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Trading Down 0.2 %

NYSE:HD traded down $0.78 on Friday, hitting $332.86. The stock had a trading volume of 258,672 shares, compared to its average volume of 3,418,103. The company has a fifty day moving average price of $338.48 and a two-hundred day moving average price of $352.30. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market cap of $330.07 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.30 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the business posted $3.82 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts expect that The Home Depot, Inc. will post 15.28 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 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. Home Depot’s dividend payout ratio is currently 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.