InTrack Investment Management Inc Sells 337 Shares of The Home Depot, Inc. (NYSE:HD)

InTrack Investment Management Inc reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,462 shares of the home improvement retailer’s stock after selling 337 shares during the period. InTrack Investment Management Inc’s holdings in Home Depot were worth $561,000 as of its most recent SEC filing.

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

Home Depot Stock Down 0.4 %

Shares of Home Depot stock opened at $334.97 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $332.16 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The business has a fifty day simple moving average of $338.51 and a 200 day simple moving average of $352.69. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $36.65 billion. During the same quarter last year, the business posted $3.82 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Insider Buying and Selling at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. HSBC dropped their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Truist Financial reduced their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $378.42.

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.