Sageworth Trust Co Sells 131 Shares of The Home Depot, Inc. (NYSE:HD)

Sageworth Trust Co lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 23.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 426 shares of the home improvement retailer’s stock after selling 131 shares during the period. Sageworth Trust Co’s holdings in The Home Depot were worth $130,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Chase Investment Counsel Corp increased its position in The Home Depot by 2.2% during the 1st quarter. Chase Investment Counsel Corp now owns 1,419 shares of the home improvement retailer’s stock worth $433,000 after purchasing an additional 30 shares during the period. Parkside Financial Bank & Trust increased its position in The Home Depot by 1.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,424 shares of the home improvement retailer’s stock worth $740,000 after purchasing an additional 30 shares during the period. Wealth Enhancement & Preservation of GA LLC increased its position in The Home Depot by 0.7% during the 1st quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,577 shares of the home improvement retailer’s stock worth $1,466,000 after purchasing an additional 31 shares during the period. Bingham Osborn & Scarborough LLC increased its position in The Home Depot by 2.0% during the 1st quarter. Bingham Osborn & Scarborough LLC now owns 1,568 shares of the home improvement retailer’s stock worth $479,000 after purchasing an additional 31 shares during the period. Finally, Baldwin Brothers Inc. MA increased its position in The Home Depot by 1.7% during the 1st quarter. Baldwin Brothers Inc. MA now owns 1,892 shares of the home improvement retailer’s stock worth $578,000 after purchasing an additional 32 shares during the period. 69.48% of the stock is currently owned by institutional investors.

Shares of The Home Depot stock traded up $0.37 during trading hours on Thursday, reaching $312.04. 64,060 shares of the company’s stock were exchanged, compared to its average volume of 4,368,442. The Home Depot, Inc. has a 52-week low of $240.25 and a 52-week high of $345.69. The company has a market capitalization of $331.78 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The company’s fifty day moving average is $318.72. The company has a debt-to-equity ratio of 19.85, a current ratio of 1.11 and a quick ratio of 0.41.

The Home Depot (NYSE:HD) last issued its earnings results on Monday, May 17th. The home improvement retailer reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.78. The business had revenue of $37.50 billion for the quarter, compared to analyst estimates of $33.68 billion. The Home Depot had a return on equity of 963.88% and a net margin of 10.45%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $2.08 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 13.9 EPS for the current year.

The Home Depot declared that its board has approved a stock repurchase plan on Thursday, May 20th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 17th. Investors of record on Thursday, June 3rd were given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, June 2nd. The Home Depot’s dividend payout ratio (DPR) is currently 54.86%.

In related news, EVP Matt Carey sold 113,138 shares of the stock in a transaction on Monday, May 24th. The stock was sold at an average price of $316.00, for a total value of $35,751,608.00. Following the transaction, the executive vice president now directly owns 78,594 shares of the company’s stock, valued at approximately $24,835,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

HD has been the topic of several recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on The Home Depot from $288.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Piper Sandler upped their price target on The Home Depot from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, May 19th. Credit Suisse Group upped their price target on The Home Depot from $319.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. UBS Group upped their price target on The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Finally, Raymond James upped their price target on The Home Depot from $305.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, May 13th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $331.65.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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