Seelaus Asset Management LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Seelaus Asset Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 675 shares of the home improvement retailer’s stock after selling 343 shares during the quarter. Seelaus Asset Management LLC’s holdings in Home Depot were worth $234,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Congress Wealth Management LLC DE lifted its position in shares of Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after purchasing an additional 3,162 shares during the last quarter. Wolf Group Capital Advisors increased its holdings in shares of Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after acquiring an additional 430 shares during the last quarter. Alliance Wealth Management Group acquired a new stake in shares of Home Depot during the 4th quarter valued at approximately $253,000. Psagot Value Holdings Ltd. Israel raised its position in shares of Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after acquiring an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its stake in Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $342.87 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a market cap of $339.79 billion, a P/E ratio of 22.71, a PEG ratio of 2.31 and a beta of 0.98. The business’s 50-day moving average price is $369.91 and its 200 day moving average price is $338.08.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Telsey Advisory Group increased their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Evercore ISI boosted their price objective on Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.35.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Home Depot Company 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.