The Home Depot, Inc. (NYSE:HD) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Home Depot by 4.7%, owning approximately 0.05% of the company after selling 25,527 shares in the last quarter.
• Home Depot's stock price opened at $373.55 and has a market cap of $371.66 billion, with a 52-week range between $326.31 and $439.37.
• The company reported $3.56 EPS for the last quarter, missing estimates, while revenue rose by 9.4% year-over-year to $39.86 billion.

Mitsubishi UFJ Trust & Banking Corp cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,039 shares of the home improvement retailer's stock after selling 25,527 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Home Depot worth $191,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Brighton Jones LLC boosted its position in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares in the last quarter. Trexquant Investment LP purchased a new position in Home Depot in the 4th quarter valued at about $6,671,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Home Depot by 2.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,613 shares of the home improvement retailer's stock valued at $1,017,000 after purchasing an additional 73 shares in the last quarter. Finally, Yoffe Investment Management LLC purchased a new position in Home Depot in the 4th quarter valued at about $1,090,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Up 2.0%

Shares of Home Depot stock traded up $7.32 on Monday, hitting $380.98. 2,843,316 shares of the company's stock traded hands, compared to its average volume of 3,228,696. The stock has a market cap of $379.05 billion, a P/E ratio of 25.85, a PEG ratio of 3.55 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The firm's 50-day moving average is $365.84 and its 200 day moving average is $372.91. 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 announced its quarterly earnings data 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 firm 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 business earned $3.63 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

A number of research analysts have issued reports on HD shares. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Truist Financial upped their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the company 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 have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.