Congress Asset Management Co. MA Has $162.73 Million Position in The Home Depot, Inc. (NYSE:HD)

Congress Asset Management Co. MA reduced its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 0.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 424,215 shares of the home improvement retailer’s stock after selling 258 shares during the quarter. Home Depot makes up 1.2% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 17th largest holding. Congress Asset Management Co. MA’s holdings in Home Depot were worth $162,729,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bey Douglas LLC bought a new position in Home Depot in the 4th quarter worth approximately $913,000. Hartline Investment Corp increased its position in shares of Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares during the period. Wolf Group Capital Advisors increased its position in shares of Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares during the period. Alliance Wealth Management Group bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $253,000. Finally, Zullo Investment Group Inc. increased its position in shares of Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.7 %

Shares of NYSE HD traded up $2.36 during mid-day trading on Friday, reaching $355.80. 6,596,539 shares of the company’s stock were exchanged, compared to its average volume of 3,061,367. The firm has a market capitalization of $352.81 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.44 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The business has a fifty day simple moving average of $337.65 and a 200 day simple moving average of $352.23. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the firm earned $3.82 EPS. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. Wedbush restated an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. DA Davidson reiterated a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research report on Monday, April 1st. Bank of America upped their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Evercore ISI upped their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Truist Financial lowered their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $377.46.

View Our Latest Stock Analysis on HD

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Profile

(Free Report)

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.

See Also

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

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