The Home Depot, Inc. (NYSE:HD) Position Trimmed by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,619 shares of the home improvement retailer's stock after selling 56,576 shares during the quarter. Home Depot makes up 0.7% of Truist Financial Corp's investment portfolio, making the stock its 28th largest holding. Truist Financial Corp owned 0.11% of Home Depot worth $411,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Navigoe LLC purchased a new position in Home Depot during the 4th quarter valued at about $29,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. Spurstone Advisory Services LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $45,000. Finally, Vega Investment Solutions acquired a new stake in shares of Home Depot during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. lifted their price target on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. DA Davidson reduced their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Finally, TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction 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 of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.1%

HD opened at $371.36 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.53 and a beta of 1.00. The business has a 50 day moving average of $365.14 and a 200-day moving average of $376.33.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.48%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.

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