E. Ohman J or Asset Management AB Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

E. Ohman J or Asset Management AB trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,859 shares of the home improvement retailer's stock after selling 1,221 shares during the period. E. Ohman J or Asset Management AB's holdings in Home Depot were worth $16,074,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Signal Advisors Wealth LLC boosted its stake in Home Depot by 2.8% in the first quarter. Signal Advisors Wealth LLC now owns 7,769 shares of the home improvement retailer's stock worth $2,847,000 after buying an additional 213 shares in the last quarter. MRA Advisory Group boosted its stake in shares of Home Depot by 10.2% during the first quarter. MRA Advisory Group now owns 1,873 shares of the home improvement retailer's stock valued at $686,000 after purchasing an additional 174 shares during the period. Fjell Capital LLC boosted its stake in shares of Home Depot by 7.7% during the first quarter. Fjell Capital LLC now owns 2,864 shares of the home improvement retailer's stock valued at $1,050,000 after purchasing an additional 204 shares during the period. Vest Financial LLC boosted its stake in shares of Home Depot by 67.6% during the first quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer's stock valued at $2,955,000 after purchasing an additional 3,252 shares during the period. Finally, Oak Asset Management LLC boosted its stake in shares of Home Depot by 0.8% during the first quarter. Oak Asset Management LLC now owns 9,632 shares of the home improvement retailer's stock valued at $3,530,000 after purchasing an additional 75 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. The trade was 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 currently owned by insiders.

Home Depot Stock Down 0.5%

Shares of NYSE:HD traded down $1.83 on Friday, hitting $367.45. 2,347,724 shares of the company traded hands, compared to its average volume of 3,409,495. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a 50 day simple moving average of $361.58 and a 200-day simple moving average of $384.99. The company has a market cap of $365.59 billion, a PE ratio of 24.96, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the business earned $3.63 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HD shares. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Wedbush reissued an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Gordon Haskett increased their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Truist Financial raised their price target on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.