Park National Corp OH Trims Holdings in The Home Depot, Inc. (NYSE:HD)

Park National Corp OH lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc raised its holdings in shares of Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. acquired a new stake in Home Depot during the fourth quarter worth approximately $409,000. JPL Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $3,193,000. Finally, Umpqua Bank raised its holdings in Home Depot by 26.5% during the fourth quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock worth $2,425,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated 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 in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the executive vice president now 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. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

HD traded down $3.40 during trading on Monday, hitting $364.90. The stock had a trading volume of 1,089,229 shares, compared to its average volume of 3,416,012. The firm has a market capitalization of $363.04 billion, a P/E ratio of 24.79, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The company's 50-day moving average price is $360.92 and its 200 day moving average price is $385.73. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last posted 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 company 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 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $3.63 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

A number of analysts have weighed in on HD shares. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Piper Sandler cut their price objective 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. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. 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. Finally, Wells Fargo & Company cut their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot 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.