Heritage Investors Management Corp Purchases 2,647 Shares of The Home Depot, Inc. (NYSE:HD)

Heritage Investors Management Corp grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,243 shares of the home improvement retailer's stock after acquiring an additional 2,647 shares during the quarter. Home Depot comprises about 1.7% of Heritage Investors Management Corp's investment portfolio, making the stock its 12th largest holding. Heritage Investors Management Corp's holdings in Home Depot were worth $48,466,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter worth $406,000. Wealth Management Partners LLC lifted its holdings in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV grew its position in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the 4th quarter valued at about $409,000. Finally, ARS Wealth Advisors Group LLC raised its position in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after buying an additional 239 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HD shares. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group lowered their price target on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Mizuho decreased their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Truist Financial boosted 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, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Up 1.6%

Shares of NYSE HD traded up $5.79 during trading hours on Tuesday, hitting $369.83. The stock had a trading volume of 2,039,383 shares, compared to its average volume of 3,437,485. The company has a market capitalization of $367.95 billion, a P/E ratio of 25.08, a P/E/G ratio of 3.42 and a beta of 1.00. The firm's 50-day moving average price is $366.03 and its two-hundred day moving average price is $374.29. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In other Home Depot news, 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 value of $954,564.00. Following the sale, the executive vice president directly owned 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.