Quotient Wealth Partners LLC Sells 495 Shares of The Home Depot, Inc. (NYSE:HD)

Quotient Wealth Partners LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 6.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,413 shares of the home improvement retailer’s stock after selling 495 shares during the period. Quotient Wealth Partners LLC’s holdings in Home Depot were worth $3,004,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Garner Asset Management Corp purchased a new position in shares of Home Depot in the fourth quarter worth about $139,000. Kestra Advisory Services LLC grew its holdings in Home Depot by 9.0% in the fourth quarter. Kestra Advisory Services LLC now owns 129,766 shares of the home improvement retailer’s stock valued at $44,971,000 after purchasing an additional 10,756 shares during the period. Waverly Advisors LLC increased its position in shares of Home Depot by 20.1% in the fourth quarter. Waverly Advisors LLC now owns 37,110 shares of the home improvement retailer’s stock valued at $12,861,000 after buying an additional 6,205 shares in the last quarter. Gibson Capital LLC lifted its position in shares of Home Depot by 6.2% during the 4th quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 68 shares in the last quarter. Finally, Orleans Capital Management Corp LA grew its stake in Home Depot by 1.2% in the 4th quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock valued at $5,928,000 after acquiring an additional 200 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

Home Depot stock traded down $2.97 during midday trading on Thursday, reaching $413.10. The stock had a trading volume of 1,164,994 shares, compared to its average volume of 3,383,125. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $420.03. The company has a fifty day moving average price of $376.18 and a two-hundred day moving average price of $356.72. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $409.64 billion, a P/E ratio of 27.59, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial reduced their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Piper Sandler boosted their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $402.38.

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.