Bartlett & CO. Wealth Management LLC Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Bartlett & CO. Wealth Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,452 shares of the home improvement retailer's stock after selling 1,227 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Home Depot were worth $12,993,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Group Ltd. grew its holdings in shares of Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after buying an additional 27 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Snider Financial Group grew its holdings in shares of Home Depot by 90.7% during the fourth quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock valued at $559,000 after buying an additional 683 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after buying an additional 565 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $93,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business'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 of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 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. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, 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 report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

Shares of NYSE:HD traded up $4.86 during trading on Friday, hitting $368.36. The company's stock had a trading volume of 5,502,278 shares, compared to its average volume of 3,419,944. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market cap of $366.49 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 3.51 and a beta of 1.02. The company has a 50-day moving average of $363.55 and a 200-day moving average of $377.53.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the firm earned $3.63 EPS. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Home Depot Company 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.