Vontobel Holding Ltd. Purchases 20,826 Shares of The Home Depot, Inc. (NYSE:HD)

Vontobel Holding Ltd. grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 574,238 shares of the home improvement retailer's stock after buying an additional 20,826 shares during the period. Vontobel Holding Ltd. owned approximately 0.06% of Home Depot worth $210,452,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HD. Rovin Capital UT ADV raised its stake in shares of Home Depot by 8.8% in the 1st quarter. Rovin Capital UT ADV now owns 666 shares of the home improvement retailer's stock valued at $244,000 after acquiring an additional 54 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in Home Depot by 13.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 6,303 shares of the home improvement retailer's stock valued at $2,246,000 after purchasing an additional 769 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Home Depot by 48.6% in the first quarter. Salomon & Ludwin LLC now owns 994 shares of the home improvement retailer's stock valued at $364,000 after purchasing an additional 325 shares during the period. ABLE Financial Group LLC raised its position in shares of Home Depot by 5.6% in the first quarter. ABLE Financial Group LLC now owns 6,944 shares of the home improvement retailer's stock valued at $2,545,000 after purchasing an additional 369 shares during the period. Finally, JNBA Financial Advisors lifted its stake in shares of Home Depot by 2.8% in the first quarter. JNBA Financial Advisors now owns 1,494 shares of the home improvement retailer's stock worth $548,000 after buying an additional 40 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD traded down $0.49 during trading on Friday, reaching $371.36. 2,573,629 shares of the company's stock were exchanged, compared to its average volume of 3,438,130. The company has a market capitalization of $369.47 billion, a P/E ratio of 25.19, a PEG ratio of 3.53 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 business has a 50 day moving average price of $365.14 and a 200 day moving average price of $376.33. 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 released 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 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the business posted $3.63 earnings per share. Home Depot's revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio is 62.42%.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on HD. Royal Bank Of Canada lowered their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $426.77.

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.