The Home Depot, Inc. (NYSE:HD) Position Decreased by Sabal Trust CO

Sabal Trust CO trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,000 shares of the home improvement retailer's stock after selling 2,043 shares during the quarter. Home Depot accounts for 2.3% of Sabal Trust CO's investment portfolio, making the stock its 7th largest holding. Sabal Trust CO's holdings in Home Depot were worth $41,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HD. Asset Planning Services Inc. LA ADV raised its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Norges Bank bought a new stake in Home Depot during the fourth quarter worth $5,032,910,000. GAMMA Investing LLC grew its holdings in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Home Depot during the fourth quarter worth $2,212,546,000. Finally, Proficio Capital Partners LLC grew its holdings in Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value 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 approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Truist Financial upped their price target on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Price Performance

HD traded up $4.86 during trading on Friday, reaching $368.36. 5,502,278 shares of the company were exchanged, compared to its average volume of 3,431,610. The company's 50-day moving average is $363.55 and its two-hundred day moving average is $377.83. The company has a market cap of $366.49 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 3.46 and a beta of 1.02. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued 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 2.50%. Home Depot's dividend payout ratio (DPR) is 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.