Linscomb Wealth Inc. Sells 195 Shares of The Home Depot, Inc. (NYSE:HD)

Linscomb Wealth Inc. reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,494 shares of the home improvement retailer’s stock after selling 195 shares during the quarter. Linscomb Wealth Inc.’s holdings in Home Depot were worth $2,491,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Citigroup cut their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus lifted their target price on shares of Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $381.80.

Home Depot Price Performance

NYSE HD traded up $6.22 during trading hours on Friday, hitting $359.51. The company had a trading volume of 2,439,246 shares, compared to its average volume of 3,136,010. 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 firm has a market capitalization of $356.49 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.44 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The firm has a 50 day simple moving average of $343.17 and a 200 day simple moving average of $353.29.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.82 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.3 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. Home Depot’s payout ratio is currently 60.36%.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.