The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,735 shares of the home improvement retailer's stock after acquiring an additional 3,598 shares during the period. Home Depot makes up about 1.0% of Cyndeo Wealth Partners LLC's holdings, making the stock its 20th largest holding. Cyndeo Wealth Partners LLC's holdings in Home Depot were worth $16,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HD. Center for Financial Planning Inc. boosted its stake in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares during the period. Wealth Group Ltd. lifted its stake in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares during the last quarter. Members Trust Co boosted its position in shares of Home Depot by 1.0% during the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock valued at $1,047,000 after buying an additional 27 shares during the period. Sollinda Capital Management LLC boosted its holdings in Home Depot by 2.5% during the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock valued at $434,000 after acquiring an additional 27 shares during the period. Finally, Hurlow Wealth Management Group Inc. grew its position in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3%

NYSE:HD traded down $1.07 during mid-day trading on Monday, hitting $353.59. 3,685,345 shares of the company's stock traded hands, compared to its average volume of 3,409,946. The company has a fifty day moving average of $362.73 and a 200 day moving average of $382.18. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market capitalization of $351.79 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.02.

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 analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HD shares. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Mizuho reduced their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were 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 now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $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. Corporate insiders own 0.10% of the company's stock.

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.