St. Johns Investment Management Company LLC Sells 53 Shares of The Home Depot, Inc. (NYSE:HD)

St. Johns Investment Management Company LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the first quarter, HoldingsChannel.com reports. The firm owned 4,679 shares of the home improvement retailer’s stock after selling 53 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Home Depot were worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in Home Depot in the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC raised its holdings in 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 acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE:HD opened at $341.49 on Friday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company’s 50 day moving average price is $338.15 and its two-hundred day moving average price is $352.59. The firm has a market cap of $338.62 billion, a PE ratio of 22.90, a PEG ratio of 2.36 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during 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. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Truist Financial lowered their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Citigroup decreased their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, HSBC cut their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Insider Activity at Home Depot

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

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.