Rogco LP Has $1.79 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Rogco LP lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 30.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,896 shares of the home improvement retailer's stock after selling 2,109 shares during the quarter. Home Depot accounts for about 0.7% of Rogco LP's investment portfolio, making the stock its 24th largest holding. Rogco LP's holdings in Home Depot were worth $1,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navigoe LLC bought a new position in Home Depot during the fourth quarter worth $29,000. Abound Financial LLC bought a new position in Home Depot during the first quarter worth $31,000. Quarry LP lifted its stake in Home Depot by 220.0% during the fourth 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. Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the fourth quarter worth about $39,000. Finally, Spurstone Advisory Services LLC bought a new stake in Home Depot in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 0.8%

Shares of HD traded down $3.13 during midday trading on Friday, reaching $370.17. 1,542,392 shares of the stock were exchanged, compared to its average volume of 3,433,048. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a 50 day simple moving average of $366.03 and a 200-day simple moving average of $375.75. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a market cap of $368.29 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.53 and a beta of 1.00.

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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the business earned $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HD. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Piper Sandler decreased their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Truist Financial raised their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Mizuho reduced their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, 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. 0.10% of the stock is currently owned by company insiders.

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.