ORG Partners LLC Has $451,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

ORG Partners LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,231 shares of the home improvement retailer's stock after selling 3,781 shares during the period. ORG Partners LLC's holdings in Home Depot were worth $451,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after buying an additional 257,036 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $5,032,910,000. Capital Research Global Investors increased its holdings in shares of Home Depot by 5.5% during the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock worth $4,845,098,000 after buying an additional 647,552 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Truist Financial raised their price objective 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. Jefferies Financial Group dropped their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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 value of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business'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 $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. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD stock opened at $350.21 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $348.44 billion, a PE ratio of 23.76, a PEG ratio of 3.30 and a beta of 1.02. 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 firm's 50 day moving average price is $362.65 and its two-hundred day moving average price is $380.08.

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 for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for 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 company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.63%. Home Depot's dividend payout ratio is 62.42%.

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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