LaFleur & Godfrey LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

LaFleur & Godfrey LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,960 shares of the home improvement retailer’s stock after selling 534 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Home Depot were worth $3,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Investment Advisors LLC grew its stake in shares of Home Depot by 0.8% in the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after purchasing an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. grew its stake in shares of Home Depot by 0.3% in the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after purchasing an additional 30 shares during the last quarter. CGC Financial Services LLC grew its stake in shares of Home Depot by 4.3% in the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after purchasing an additional 30 shares during the last quarter. Independent Investors Inc. grew its stake in shares of Home Depot by 0.5% in the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after purchasing an additional 30 shares during the last quarter. Finally, CCG Wealth Management LLC grew its stake in shares of Home Depot by 1.7% in the 3rd quarter. CCG Wealth Management LLC now owns 1,977 shares of the home improvement retailer’s stock valued at $597,000 after purchasing an additional 34 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.7 %

Home Depot stock traded down $2.55 during trading on Thursday, hitting $383.34. The company’s stock had a trading volume of 1,780,110 shares, compared to its average volume of 3,136,531. The stock has a market capitalization of $379.90 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.51 and a beta of 0.99. The stock’s fifty day moving average is $367.86 and its 200 day moving average is $334.18. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.30 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HD shares. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Truist Financial decreased their price target on Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Wedbush restated an “outperform” rating and issued a $380.00 price target on shares of Home Depot in a research note on Wednesday, February 21st. Finally, The Goldman Sachs Group lifted their price target on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.76.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.19% 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.