Spirepoint Private Client LLC Has $7.90 Million Position in The Home Depot, Inc. (NYSE:HD)

Spirepoint Private Client LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,567 shares of the home improvement retailer's stock after buying an additional 2,040 shares during the quarter. Spirepoint Private Client LLC's holdings in Home Depot were worth $7,904,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. K.J. Harrison & Partners Inc increased its position in shares of Home Depot by 65.2% during the 4th 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. Wealth Management Partners LLC grew its stake in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of 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 buying an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $409,000. Finally, ARS Wealth Advisors Group LLC raised its stake in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after acquiring an additional 239 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were 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 trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Robert W. Baird decreased their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Royal Bank Of Canada cut their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Truist Financial upped 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. Finally, Wells Fargo & Company lowered their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Trading Down 0.2%

NYSE HD traded down $0.88 on Wednesday, reaching $359.54. The company had a trading volume of 409,355 shares, compared to its average volume of 3,414,214. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock's 50 day moving average is $362.79 and its 200-day moving average is $378.77. 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 stock has a market cap of $357.72 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.39 and a beta of 1.02.

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 analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the company earned $3.63 earnings per share. The business's revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 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.