Creekmur Asset Management LLC Acquires 1,905 Shares of The Home Depot, Inc. (NYSE:HD)

Creekmur Asset Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 295.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,550 shares of the home improvement retailer's stock after buying an additional 1,905 shares during the quarter. Creekmur Asset Management LLC's holdings in Home Depot were worth $935,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Saturna Capital Corp raised its position in Home Depot by 750.8% during the 1st quarter. Saturna Capital Corp now owns 34,279 shares of the home improvement retailer's stock worth $12,563,000 after buying an additional 30,250 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in Home Depot by 1.3% in the 1st quarter. Independent Wealth Network Inc. now owns 2,827 shares of the home improvement retailer's stock worth $1,036,000 after buying an additional 35 shares during the last quarter. Armor Investment Advisors LLC raised its holdings in Home Depot by 6.0% in the 1st quarter. Armor Investment Advisors LLC now owns 917 shares of the home improvement retailer's stock valued at $336,000 after acquiring an additional 52 shares during the last quarter. Burling Wealth Partners LLC boosted its stake in Home Depot by 2.9% during the first quarter. Burling Wealth Partners LLC now owns 10,410 shares of the home improvement retailer's stock worth $3,815,000 after buying an additional 296 shares during the last quarter. Finally, Forte Capital LLC ADV increased its position in Home Depot by 115.6% during the first quarter. Forte Capital LLC ADV now owns 2,632 shares of the home improvement retailer's stock worth $964,000 after purchasing an additional 1,411 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. Morgan Stanley restated an "overweight" rating and set a $415.00 price target (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Robert W. Baird dropped their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Gordon Haskett boosted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Truist Financial increased their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

HD traded up $0.28 on Friday, hitting $359.32. The company had a trading volume of 3,360,940 shares, compared to its average volume of 3,438,531. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock has a market cap of $357.50 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The company's fifty day moving average price is $366.09 and its 200 day moving average price is $374.69.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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 owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents 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 currently owned by insiders.

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.