Trillium Asset Management LLC Has $30.35 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Key Points

• Trillium Asset Management LLC reduced its stake in The Home Depot by 2.6%, now holding 82,811 shares valued at approximately $30.35 million.
• The Home Depot reported a quarterly EPS of $3.56, slightly missing the consensus estimate of $3.59, but its revenue of $39.86 billion exceeded expectations.
• The company announced a quarterly dividend of $2.30 per share, reflecting a 2.4% dividend yield and a payout ratio of 62.42%.

Trillium Asset Management LLC decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,811 shares of the home improvement retailer's stock after selling 2,234 shares during the period. Trillium Asset Management LLC's holdings in Home Depot were worth $30,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC bought a new position in shares of Home Depot during the first quarter valued at $2,076,592,000. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at $471,189,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 0.3%

NYSE HD traded down $1.03 during trading on Friday, hitting $399.29. The stock had a trading volume of 3,840,292 shares, compared to its average volume of 3,118,386. The company has a market capitalization of $397.26 billion, a PE ratio of 27.09, a P/E/G ratio of 3.80 and a beta of 1.00. The company's 50-day moving average price is $370.47 and its two-hundred day moving average price is $371.90. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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 analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the company earned $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is 62.42%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on 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 owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 completion of the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $433.00 price target (up from $417.00) on shares of Home Depot in a report on Wednesday. Robert W. Baird cut their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $427.48.

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.