AIMZ Investment Advisors LLC Sells 251 Shares of The Home Depot, Inc. (NYSE:HD)

AIMZ Investment Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,440 shares of the home improvement retailer’s stock after selling 251 shares during the period. AIMZ Investment Advisors LLC’s holdings in Home Depot were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Palisades Hudson Asset Management L.P. raised its position in Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock worth $1,045,000 after acquiring an additional 28 shares in the last quarter. Independent Wealth Network Inc. raised its position in Home Depot by 1.2% in the fourth quarter. Independent Wealth Network Inc. now owns 2,455 shares of the home improvement retailer’s stock worth $1,019,000 after acquiring an additional 30 shares in the last quarter. Total Clarity Wealth Management Inc. raised its position in Home Depot by 3.7% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 841 shares of the home improvement retailer’s stock worth $349,000 after acquiring an additional 30 shares in the last quarter. Philadelphia Trust Co. raised its position in Home Depot by 0.8% in the fourth quarter. Philadelphia Trust Co. now owns 3,653 shares of the home improvement retailer’s stock worth $1,516,000 after acquiring an additional 30 shares in the last quarter. Finally, Coastline Trust Co raised its position in Home Depot by 0.7% in the fourth quarter. Coastline Trust Co now owns 4,375 shares of the home improvement retailer’s stock worth $1,816,000 after acquiring an additional 30 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HD shares. DA Davidson dropped their price target on Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Morgan Stanley dropped their price target on Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Guggenheim dropped their price target on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Gordon Haskett cut Home Depot from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, Truist Financial dropped their price target on Home Depot from $405.00 to $375.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Trading Up 0.8 %

Shares of NYSE:HD opened at $309.69 on Friday. The stock’s 50-day moving average price is $290.90 and its two-hundred day moving average price is $310.73. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The firm has a market cap of $318.29 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $3.86 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is currently 48.25%.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Becker Caryn Seidman bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at approximately $431,595. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

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

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