Park National Corp OH Sells 812 Shares of The Home Depot, Inc. (NYSE:HD)

Park National Corp OH cut its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,160 shares of the home improvement retailer's stock after selling 812 shares during the quarter. Park National Corp OH's holdings in Home Depot were worth $11,786,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HD. K.J. Harrison & Partners Inc lifted its position in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after buying an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. purchased a new stake in Home Depot in the 4th quarter worth approximately $409,000. JPL Wealth Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $3,193,000. Finally, Umpqua Bank lifted its position in Home Depot by 26.5% in the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock worth $2,425,000 after buying an additional 1,294 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Jefferies Financial Group cut their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research 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 Tuesday, May 20th. Mizuho cut their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% 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 Stock Performance

Shares of NYSE:HD traded down $0.44 on Friday, hitting $367.85. 4,110,311 shares of the company were exchanged, compared to its average volume of 3,433,492. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $365.65 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The company's 50 day moving average price is $360.92 and its two-hundred day moving average price is $386.04.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.63 earnings per share. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 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.