The Home Depot, Inc. (NYSE:HD) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,933 shares of the home improvement retailer’s stock after selling 1,852 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Home Depot were worth $4,108,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Gilbert & Cook Inc. lifted its holdings in Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in Home Depot by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after buying an additional 122 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in Home Depot by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after buying an additional 557 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in Home Depot by 161.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after buying an additional 3,923 shares in the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in shares of Home Depot by 4.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock worth $3,410,000 after acquiring an additional 387 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD opened at $384.13 on Thursday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a market capitalization of $380.91 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company’s fifty day moving average is $363.62 and its two-hundred day moving average is $354.13.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company posted $4.65 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.34%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of brokerages recently commented on HD. DA Davidson lifted their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. UBS Group boosted 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 Wednesday, August 14th. Loop Capital upped their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. Truist Financial reduced their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $389.04.

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.