Hudson Edge Investment Partners Inc. Sells 715 Shares of The Home Depot, Inc. (NYSE:HD)

Hudson Edge Investment Partners Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,365 shares of the home improvement retailer's stock after selling 715 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Home Depot were worth $5,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Management Partners LLC raised its stake in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after buying an additional 3,873 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. Disciplined Investors L.L.C. bought a new position in shares of Home Depot in the fourth quarter valued at $409,000. Finally, ARS Wealth Advisors Group LLC increased its holdings in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after buying an additional 239 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions 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 transaction, the executive vice president owned 17,367 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 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. Insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.1%

Shares of NYSE HD traded down $0.49 during mid-day trading on Friday, reaching $371.36. 2,573,629 shares of the company traded hands, compared to its average volume of 3,438,130. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company's fifty day moving average is $365.14 and its two-hundred day moving average is $376.33. The stock has a market cap of $369.47 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during 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 was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. JPMorgan Chase & Co. boosted their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Piper Sandler cut their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

About Home Depot

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.