The Home Depot, Inc. (NYSE:HD) Stock Position Lifted by Griffith & Werner Inc.

Griffith & Werner Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,453 shares of the home improvement retailer's stock after purchasing an additional 1,200 shares during the quarter. Home Depot accounts for approximately 2.4% of Griffith & Werner Inc.'s holdings, making the stock its 16th largest position. Griffith & Werner Inc.'s holdings in Home Depot were worth $3,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HD. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth $28,000. Navigoe LLC bought a new position in Home Depot during the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at about $32,000. Quarry LP boosted its stake in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in Home Depot during the fourth quarter valued at about $39,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.5%

Shares of Home Depot stock opened at $367.45 on Friday. The stock has a 50-day moving average price of $361.63 and a 200 day moving average price of $384.62. The company has a market cap of $365.59 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year 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). The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HD. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Piper Sandler decreased their target price 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. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Transactions at Home Depot

In other 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed 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 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 sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% 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.

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.

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