The Home Depot, Inc. (NYSE:HD) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,805 shares of the home improvement retailer's stock after selling 1,204 shares during the quarter. Martin Capital Partners LLC's holdings in Home Depot were worth $1,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC raised its holdings in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after buying an additional 24 shares during the period. Center for Financial Planning Inc. raised its holdings in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after buying an additional 24 shares during the period. Focused Wealth Management Inc raised its holdings in shares of Home Depot by 2.4% in the fourth quarter. Focused Wealth Management Inc now owns 1,082 shares of the home improvement retailer's stock worth $421,000 after buying an additional 25 shares during the period. Tranquility Partners LLC raised its holdings in shares of Home Depot by 1.1% in the fourth quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer's stock worth $897,000 after buying an additional 26 shares during the period. Finally, Wealth Group Ltd. raised its holdings in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.7%

Shares of NYSE:HD traded up $2.53 during midday trading on Thursday, hitting $362.99. 2,918,183 shares of the company's stock traded hands, compared to its average volume of 3,405,621. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $361.15 billion, a PE ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.02. The firm's fifty day moving average price is $362.33 and its two-hundred day moving average price is $383.33. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. Gordon Haskett increased their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, Mizuho reduced their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Transactions at Home Depot

In related 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following 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 represents a 23.74% decrease in their position. 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.