ORG Partners LLC Sells 3,781 Shares of The Home Depot, Inc. (NYSE:HD)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. River Street Advisors LLC grew its position in Home Depot by 6.2% in the 1st quarter. River Street Advisors LLC now owns 3,794 shares of the home improvement retailer's stock worth $1,390,000 after purchasing an additional 222 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its position in Home Depot by 2.1% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 10,607 shares of the home improvement retailer's stock valued at $3,887,000 after acquiring an additional 216 shares during the period. Trifecta Capital Advisors LLC grew its position in Home Depot by 2.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 17,759 shares of the home improvement retailer's stock valued at $6,508,000 after buying an additional 420 shares in the last quarter. Blue Trust Inc. increased its stake in Home Depot by 2.4% during the 1st quarter. Blue Trust Inc. now owns 27,376 shares of the home improvement retailer's stock valued at $10,033,000 after buying an additional 650 shares during the period. Finally, Brady Martz Wealth Solutions LLC raised its position in shares of Home Depot by 1.6% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,575 shares of the home improvement retailer's stock worth $2,409,000 after buying an additional 104 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 1.0%

NYSE HD traded up $3.57 on Tuesday, reaching $360.53. The stock had a trading volume of 4,088,327 shares, compared to its average volume of 3,428,638. The business has a 50 day moving average price of $362.65 and a 200 day moving average price of $378.90. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $358.70 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 3.32 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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 business had revenue of $39.86 billion for 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%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 yield of 2.55%. Home Depot's payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Robert W. Baird lowered their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Truist Financial boosted their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Seven 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. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Buying and Selling at Home Depot

In related news, 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 completion of the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.