L.M. Kohn & Company Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

L.M. Kohn & Company lessened its position in The Home Depot, Inc. (NYSE:HD) by 15.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,430 shares of the home improvement retailer’s stock after selling 1,971 shares during the period. Home Depot accounts for 1.0% of L.M. Kohn & Company’s investment portfolio, making the stock its 21st biggest position. L.M. Kohn & Company’s holdings in Home Depot were worth $3,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock worth $37,251,142,000 after buying an additional 875,836 shares during the last quarter. Geode Capital Management LLC increased its holdings in Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer’s stock valued at $8,525,046,000 after buying an additional 257,036 shares during the last quarter. Norges Bank bought a new stake in shares of Home Depot during the 4th quarter valued at $5,032,910,000. Capital Research Global Investors grew its holdings in Home Depot by 5.5% during the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer’s stock valued at $4,845,098,000 after purchasing an additional 647,552 shares during the period. Finally, Northern Trust Corp lifted its holdings in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.7%

Shares of NYSE HD opened at $346.41 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market cap of $344.65 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.30 and a beta of 1.02. The business’s 50 day moving average price is $362.72 and its 200-day moving average price is $380.63.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.63 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. TD Securities lowered Home Depot to a “buy” rating in a research note on Monday, June 2nd. Telsey Advisory Group reiterated an “outperform” rating on shares of Home Depot in a research report on Monday, June 2nd. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

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.