Amalgamated Bank Buys 3,448 Shares of The Home Depot, Inc. (NYSE:HD)

Amalgamated Bank boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,628 shares of the home improvement retailer's stock after acquiring an additional 3,448 shares during the quarter. Home Depot accounts for 0.7% of Amalgamated Bank's portfolio, making the stock its 22nd largest position. Amalgamated Bank's holdings in Home Depot were worth $78,659,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Crown Wealth Group LLC increased its holdings in shares of Home Depot by 5.6% during the first quarter. Crown Wealth Group LLC now owns 1,185 shares of the home improvement retailer's stock valued at $434,000 after purchasing an additional 63 shares during the period. Guerra Advisors Inc grew its position in Home Depot by 24.6% in the 1st quarter. Guerra Advisors Inc now owns 6,020 shares of the home improvement retailer's stock valued at $2,206,000 after buying an additional 1,190 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Home Depot by 0.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 12,863 shares of the home improvement retailer's stock valued at $4,714,000 after buying an additional 39 shares during the period. Naviter Wealth LLC raised its position in shares of Home Depot by 0.9% during the 1st quarter. Naviter Wealth LLC now owns 11,251 shares of the home improvement retailer's stock worth $4,030,000 after buying an additional 101 shares in the last quarter. Finally, Emerald Advisors LLC lifted its stake in shares of Home Depot by 9.5% in the 1st quarter. Emerald Advisors LLC now owns 3,820 shares of the home improvement retailer's stock worth $1,400,000 after acquiring an additional 331 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Mizuho dropped their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Royal Bank Of Canada decreased their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Truist Financial boosted their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the company an "overweight" rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Down 0.1%

Shares of NYSE:HD traded down $0.49 during trading on Thursday, reaching $371.36. 2,573,629 shares of the company traded hands, compared to its average volume of 3,592,821. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The firm has a market cap of $369.47 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The firm has a fifty day simple moving average of $364.63 and a 200 day simple moving average of $376.86.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

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.