The Home Depot, Inc. (NYSE:HD) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,909 shares of the home improvement retailer's stock after selling 3,243 shares during the period. WCM Investment Management LLC's holdings in Home Depot were worth $2,833,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Navigoe LLC bought a new stake in Home Depot in the fourth quarter worth $29,000. Quarry LP increased its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Sellwood Investment Partners LLC purchased a new position in Home Depot during the fourth quarter worth $39,000. NewSquare Capital LLC boosted its stake in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares during the period. Finally, Spurstone Advisory Services LLC purchased a new position in Home Depot during the fourth quarter worth $45,000. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction 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 represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.1%

Home Depot stock traded down $0.49 during trading hours on Friday, reaching $371.36. The stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,198. The company has a market cap of $369.47 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The business's 50 day moving average price is $365.14 and its 200-day moving average price is $376.15. 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 earnings results 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). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus raised shares of 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. Mizuho dropped their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Truist Financial lifted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot 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.