Leo Wealth LLC Sells 3,755 Shares of The Home Depot, Inc. (NYSE:HD)

Leo Wealth LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 59.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,562 shares of the home improvement retailer's stock after selling 3,755 shares during the period. Leo Wealth LLC's holdings in Home Depot were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Navigoe LLC bought a new position in Home Depot in the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter worth approximately $31,000. Quarry LP raised its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in Home Depot in the 4th quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD opened at $370.15 on Monday. The firm has a market cap of $368.27 billion, a PE ratio of 25.11, a PEG ratio of 3.52 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a fifty day moving average price of $366.14 and a 200 day moving average price of $375.29.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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 dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot's dividend payout ratio is 62.42%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Morgan Stanley restated an "overweight" rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Truist Financial upped their target price on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Seven equities research 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 company's stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 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. Corporate insiders own 0.10% of the company's stock.

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.

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