Total Investment Management Inc. Sells 32 Shares of The Home Depot, Inc. (NYSE:HD)

Total Investment Management Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 610 shares of the home improvement retailer’s stock after selling 32 shares during the period. Total Investment Management Inc.’s holdings in Home Depot were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its stake in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot during the fourth quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Bank of America increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho started coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Evercore ISI increased their target price on shares of 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 target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Performance

Shares of NYSE:HD traded up $2.75 during midday trading on Friday, reaching $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The firm has a market capitalization of $341.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The stock has a fifty day moving average of $338.51 and a 200 day moving average of $352.60. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share 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 during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the business posted $3.82 EPS. The company’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.61%. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.