The Home Depot, Inc. (NYSE:HD) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,655 shares of the home improvement retailer's stock after selling 2,344 shares during the period. Home Depot comprises approximately 1.0% of UMB Bank n.a.'s holdings, making the stock its 23rd largest holding. UMB Bank n.a.'s holdings in Home Depot were worth $60,711,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HD. Sivia Capital Partners LLC increased its holdings in shares of Home Depot by 6.8% in the 1st quarter. Sivia Capital Partners LLC now owns 2,425 shares of the home improvement retailer's stock valued at $889,000 after acquiring an additional 154 shares during the last quarter. Gemmer Asset Management LLC increased its holdings in shares of Home Depot by 28.4% in the 1st quarter. Gemmer Asset Management LLC now owns 4,517 shares of the home improvement retailer's stock valued at $1,656,000 after acquiring an additional 1,000 shares during the last quarter. AAFMAA Wealth Management & Trust LLC increased its holdings in shares of Home Depot by 4.8% in the 1st quarter. AAFMAA Wealth Management & Trust LLC now owns 4,653 shares of the home improvement retailer's stock valued at $1,705,000 after acquiring an additional 213 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Home Depot by 5.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 272,810 shares of the home improvement retailer's stock valued at $99,982,000 after acquiring an additional 14,133 shares during the last quarter. Finally, Seneca House Advisors increased its holdings in shares of Home Depot by 1.2% in the 1st quarter. Seneca House Advisors now owns 9,540 shares of the home improvement retailer's stock valued at $3,496,000 after acquiring an additional 114 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Telsey Advisory Group restated an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Truist Financial upped their price objective 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 equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were 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 in the company, valued at $2,919,130.14. The trade was a 24.64% 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 company insiders.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $367.45 on Friday. 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 firm has a market cap of $365.59 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The business has a fifty day simple moving average of $361.63 and a 200-day simple moving average of $384.62. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results 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 company 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 company earned $3.63 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast 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 issued 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 is Thursday, June 5th. Home Depot's dividend payout ratio is 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.

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