Raymond James Financial Services Advisors Inc. Sells 18,862 Shares of The Home Depot, Inc. (NYSE:HD)

Raymond James Financial Services Advisors Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,603,163 shares of the home improvement retailer's stock after selling 18,862 shares during the period. Home Depot comprises about 0.9% of Raymond James Financial Services Advisors Inc.'s holdings, making the stock its 12th largest holding. Raymond James Financial Services Advisors Inc. owned approximately 0.16% of Home Depot worth $614,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Group LLC lifted its position in Home Depot by 2.3% in the third quarter. Cornerstone Wealth Group LLC now owns 11,074 shares of the home improvement retailer's stock valued at $3,346,000 after purchasing an additional 254 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of Home Depot by 7.4% during the third quarter. Capital Asset Advisory Services LLC now owns 15,013 shares of the home improvement retailer's stock valued at $4,475,000 after acquiring an additional 1,039 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in shares of Home Depot by 3.4% during the third quarter. Greenwood Capital Associates LLC now owns 1,172 shares of the home improvement retailer's stock valued at $354,000 after acquiring an additional 39 shares in the last quarter. Aurora Private Wealth Inc. boosted its holdings in Home Depot by 17.6% in the third quarter. Aurora Private Wealth Inc. now owns 840 shares of the home improvement retailer's stock valued at $254,000 after acquiring an additional 126 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Home Depot by 1.1% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 17,246 shares of the home improvement retailer's stock valued at $5,211,000 after acquiring an additional 193 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD traded down $2.57 during mid-day trading on Tuesday, reaching $334.23. The company's stock had a trading volume of 3,088,022 shares, compared to its average volume of 3,341,935. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a market cap of $331.23 billion, a P/E ratio of 22.13, a PEG ratio of 2.23 and a beta of 0.98. The firm's fifty day moving average price is $363.69 and its two-hundred day moving average price is $341.88. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts' expectations of $34.64 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. This is a boost from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot's dividend payout ratio is presently 59.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HD shares. Wells Fargo & Company raised their target price on shares of Home Depot from $385.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a "hold" rating in a report on Friday, February 16th. Wedbush raised their target price on Home Depot from $380.00 to $410.00 and gave the company an "outperform" rating in a research note on Monday, April 1st. Truist Financial restated a "buy" rating and set a $417.00 price target on shares of Home Depot in a research report on Wednesday, April 17th. Finally, DA Davidson reiterated a "neutral" rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $375.96.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company's stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.

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