Westmount Partners LLC Sells 1,181 Shares of The Home Depot, Inc. (NYSE:HD)

Westmount Partners LLC reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,033 shares of the home improvement retailer's stock after selling 1,181 shares during the quarter. Home Depot makes up about 0.8% of Westmount Partners LLC's holdings, making the stock its 27th largest position. Westmount Partners LLC's holdings in Home Depot were worth $2,578,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter worth $406,000. Wealth Management Partners LLC boosted its holdings in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the period. Arbor Capital Management Inc. ADV boosted its holdings in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares during the period. Disciplined Investors L.L.C. bought a new position in shares of Home Depot in the fourth quarter worth $409,000. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated 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 owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 owned 7,951 shares in the company, valued at approximately $2,919,130.14. This 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 insiders.

Wall Street Analyst Weigh In

HD has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Robert W. Baird dropped their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Truist Financial lifted their price objective 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, Piper Sandler dropped their price objective 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. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

NYSE HD traded down $1.42 during trading hours on Wednesday, reaching $357.22. 3,553,884 shares of the stock traded hands, compared to its average volume of 3,438,107. The stock has a 50 day simple moving average of $366.31 and a two-hundred day simple moving average of $375.02. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 company has a market cap of $355.40 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00.

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 the consensus estimate of $3.59 by ($0.03). The company 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 242.51% and a net margin of 8.98%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal 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 $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. Home Depot's dividend payout ratio is currently 62.42%.

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.