Grandview Asset Management LLC Has $637,000 Position in The Home Depot, Inc. (NYSE:HD)

Grandview Asset Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,661 shares of the home improvement retailer’s stock after selling 127 shares during the period. Grandview Asset Management LLC’s holdings in Home Depot were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CenterBook Partners LP boosted its holdings in Home Depot by 36.1% during the third quarter. CenterBook Partners LP now owns 2,108 shares of the home improvement retailer’s stock worth $637,000 after purchasing an additional 559 shares during the last quarter. Acadian Asset Management LLC boosted its position in Home Depot by 31.4% in the third quarter. Acadian Asset Management LLC now owns 34,825 shares of the home improvement retailer’s stock worth $10,515,000 after purchasing an additional 8,312 shares during the last quarter. Ontario Teachers Pension Plan Board grew its stake in Home Depot by 142.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 4,791 shares of the home improvement retailer’s stock valued at $1,448,000 after purchasing an additional 2,817 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Home Depot by 3,216.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,740 shares of the home improvement retailer’s stock worth $3,547,000 after purchasing an additional 11,386 shares during the period. Finally, Rice Partnership LLC grew its position in Home Depot by 20.0% during the third quarter. Rice Partnership LLC now owns 18,679 shares of the home improvement retailer’s stock valued at $5,644,000 after buying an additional 3,110 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot 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 transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Citigroup lowered their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Guggenheim restated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, HSBC reduced their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Stock Up 0.7 %

Shares of NYSE HD opened at $356.07 on Friday. The stock has a market capitalization of $353.08 billion, a P/E ratio of 23.88, a PEG ratio of 2.44 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm’s 50 day simple moving average is $337.65 and its two-hundred day simple moving average is $352.03. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.82 EPS. As a group, 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 announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.