Harmony Asset Management LLC Has $5.45 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Harmony Asset Management LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,017 shares of the home improvement retailer's stock after selling 931 shares during the quarter. Home Depot accounts for about 2.2% of Harmony Asset Management LLC's portfolio, making the stock its 7th largest position. Harmony Asset Management LLC's holdings in Home Depot were worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the 4th quarter worth approximately $28,000. Navigoe LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $32,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HD shares. Truist Financial upped their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the company from $405.00 to $425.00 in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday. Robert W. Baird reduced their price objective on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, TD Securities reaffirmed a "buy" rating and issued a $470.00 price objective on shares of Home Depot in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Down 0.8%

Shares of NYSE HD traded down $2.96 during trading on Friday, hitting $363.17. The stock had a trading volume of 3,114,029 shares, compared to its average volume of 3,431,641. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $361.00 billion, a PE ratio of 24.67, a PEG ratio of 4.03 and a beta of 1.05. The firm has a fifty day moving average of $359.90 and a two-hundred day moving average of $387.19.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the company earned $3.63 EPS. The business's revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot's payout ratio is 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.