Imprint Wealth LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Imprint Wealth LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,292 shares of the home improvement retailer’s stock after selling 200 shares during the quarter. Home Depot makes up about 2.3% of Imprint Wealth LLC’s investment portfolio, making the stock its 5th largest position. Imprint Wealth LLC’s holdings in Home Depot were worth $2,874,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HD. BCK Partners Inc. purchased a new stake in Home Depot in the 1st quarter worth approximately $2,933,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot in the 1st quarter valued at approximately $27,000. Ergoteles LLC purchased a new position in shares of Home Depot in the 1st quarter valued at approximately $1,554,000. Equitable Holdings Inc. lifted its stake in shares of Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $334.83 on Wednesday. The stock has a 50-day simple moving average of $369.14 and a two-hundred day simple moving average of $339.05. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $331.82 billion, a PE ratio of 22.17, a P/E/G ratio of 2.25 and a beta of 0.98. 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 announced its quarterly earnings data 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. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Insider Activity

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Evercore ISI lowered their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday. Telsey Advisory Group lifted their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. Royal Bank of Canada lifted their price objective on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Finally, Stifel Nicolaus lifted their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $375.96.

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.