Dynamic Advisor Solutions LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

Dynamic Advisor Solutions LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,763 shares of the home improvement retailer's stock after buying an additional 1,973 shares during the period. Dynamic Advisor Solutions LLC's holdings in Home Depot were worth $15,672,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Grant Private Wealth Management Inc raised its stake in shares of Home Depot by 14.8% during the 1st quarter. Grant Private Wealth Management Inc now owns 1,508 shares of the home improvement retailer's stock worth $553,000 after purchasing an additional 194 shares during the period. American Institute for Advanced Investment Management LLP grew its stake in Home Depot by 4.8% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 4,440 shares of the home improvement retailer's stock valued at $1,627,000 after buying an additional 205 shares in the last quarter. Lakeridge Wealth Management LLC raised its holdings in Home Depot by 3.3% during the 1st quarter. Lakeridge Wealth Management LLC now owns 1,528 shares of the home improvement retailer's stock valued at $560,000 after acquiring an additional 49 shares during the period. Dover Advisors LLC lifted its position in shares of Home Depot by 66.7% during the first quarter. Dover Advisors LLC now owns 7,626 shares of the home improvement retailer's stock worth $2,795,000 after acquiring an additional 3,052 shares in the last quarter. Finally, Hoey Investments Inc. boosted its holdings in shares of Home Depot by 16.3% in the first quarter. Hoey Investments Inc. now owns 708 shares of the home improvement retailer's stock worth $259,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on HD shares. Wells Fargo & Company reduced their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Truist Financial upped their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report 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 for the company in a research note on Wednesday, May 21st. DA Davidson decreased their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Finally, TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

Shares of HD stock traded down $1.48 during trading hours on Monday, hitting $353.18. The company's stock had a trading volume of 850,180 shares, compared to its average volume of 3,480,486. The stock has a market cap of $351.39 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a 50 day moving average of $362.73 and a 200 day moving average of $382.18. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during 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 company's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.