Kintegral Advisory LLC Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Kintegral Advisory LLC trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,261 shares of the home improvement retailer's stock after selling 11,408 shares during the quarter. Home Depot comprises about 1.3% of Kintegral Advisory LLC's investment portfolio, making the stock its 13th biggest position. Kintegral Advisory LLC's holdings in Home Depot were worth $8,525,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC boosted its holdings in shares of Home Depot by 10.4% in the first quarter. Catalyst Capital Advisors LLC now owns 3,480 shares of the home improvement retailer's stock valued at $1,275,000 after purchasing an additional 327 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Home Depot by 2.6% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 12,711 shares of the home improvement retailer's stock valued at $4,658,000 after purchasing an additional 325 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Home Depot by 9.1% in the first quarter. IFM Investors Pty Ltd now owns 202,431 shares of the home improvement retailer's stock valued at $82,025,000 after purchasing an additional 16,802 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Home Depot in the first quarter valued at approximately $503,000. Finally, Avantax Planning Partners Inc. boosted its holdings in shares of Home Depot by 3.4% in the first quarter. Avantax Planning Partners Inc. now owns 27,696 shares of the home improvement retailer's stock valued at $10,150,000 after purchasing an additional 919 shares during the period. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. DA Davidson reduced their price objective on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

Shares of NYSE HD traded down $0.49 during mid-day trading on Friday, hitting $371.36. The stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,198. 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 company has a 50 day moving average of $365.14 and a two-hundred day moving average of $376.21. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $369.47 billion, a PE ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its 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 net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the company earned $3.63 earnings per share. Home Depot's revenue was up 9.4% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale 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 firm's stock in a transaction that occurred on 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 sale, 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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.