The Home Depot, Inc. (NYSE:HD) Shares Sold by Greylin Investment Management Inc

Greylin Investment Management Inc cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,056 shares of the home improvement retailer’s stock after selling 345 shares during the period. Home Depot accounts for about 0.8% of Greylin Investment Management Inc’s holdings, making the stock its 24th biggest position. Greylin Investment Management Inc’s holdings in Home Depot were worth $5,008,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Bare Financial Services Inc purchased a new position in shares of Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot in the 4th quarter valued at $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 1.1 %

Home Depot stock traded down $3.70 during midday trading on Thursday, reaching $326.89. The stock had a trading volume of 3,400,459 shares, compared to its average volume of 3,397,238. The stock has a market capitalization of $323.95 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock’s 50-day simple moving average is $351.51 and its 200 day simple moving average is $347.35. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the previous year, the company posted $3.82 earnings per share. Home Depot’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.31 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.75%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Truist Financial reduced their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Evercore ISI increased their target price on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Citigroup decreased their price target 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. Finally, Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.46.

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.