The Home Depot, Inc. (NYSE:HD) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,328 shares of the home improvement retailer’s stock after selling 951 shares during the quarter. Home Depot comprises about 1.4% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 19th biggest holding. Neville Rodie & Shaw Inc.’s holdings in Home Depot were worth $18,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Great Waters Wealth Management raised its stake in shares of Home Depot by 10.9% in the first quarter. Great Waters Wealth Management now owns 1,070 shares of the home improvement retailer’s stock valued at $410,000 after acquiring an additional 105 shares in the last quarter. Emprise Bank purchased a new stake in Home Depot during the 1st quarter worth about $1,450,000. jvl associates llc acquired a new stake in Home Depot in the 1st quarter valued at about $542,000. Atlas Brown Inc. boosted its stake in shares of Home Depot by 7.8% in the 1st quarter. Atlas Brown Inc. now owns 11,748 shares of the home improvement retailer’s stock valued at $4,507,000 after buying an additional 853 shares during the period. Finally, Beese Fulmer Investment Management Inc. grew its position in shares of Home Depot by 1.8% during the first quarter. Beese Fulmer Investment Management Inc. now owns 32,480 shares of the home improvement retailer’s stock worth $12,459,000 after buying an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $353.57 on Friday. 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 business has a 50 day simple moving average of $337.38 and a 200-day simple moving average of $351.80. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a market capitalization of $350.60 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.55%. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HD shares. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. TD Cowen lowered their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. DA Davidson restated a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Finally, UBS Group cut their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Home Depot Company 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.