Kolinsky Wealth Management LLC Sells 777 Shares of The Home Depot, Inc. (NYSE:HD)

Kolinsky Wealth Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 15.8% during the fourth quarter, HoldingsChannel reports. The firm owned 4,134 shares of the home improvement retailer’s stock after selling 777 shares during the quarter. Home Depot comprises approximately 1.3% of Kolinsky Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Kolinsky Wealth Management LLC’s holdings in Home Depot were worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bare Financial Services Inc acquired a new position in Home Depot during the fourth quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the fourth quarter worth $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC boosted its position 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 purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot during the fourth quarter worth $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.2 %

Home Depot stock traded down $4.07 during trading hours on Friday, reaching $327.03. The stock had a trading volume of 2,583,813 shares, compared to its average volume of 3,540,773. The company has a fifty day simple moving average of $339.56 and a 200-day simple moving average of $349.62. The stock has a market cap of $324.29 billion, a PE ratio of 21.93, a PEG ratio of 2.28 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.82 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.75%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. HSBC reduced their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Guggenheim restated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Truist Financial reduced their price objective 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. Citigroup reduced their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Finally, StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

View Our Latest Analysis on Home Depot

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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