Legacy Private Trust Co. Sells 336 Shares of The Home Depot, Inc. (NYSE:HD)

Legacy Private Trust Co. decreased its position in The Home Depot, Inc. (NYSE:HD) by 4.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,889 shares of the home improvement retailer’s stock after selling 336 shares during the quarter. Legacy Private Trust Co.’s holdings in Home Depot were worth $2,643,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HD. Bey Douglas LLC purchased a new stake in Home Depot in the fourth quarter worth about $913,000. Hartline Investment Corp increased its position in Home Depot by 3.0% in the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares in the last quarter. Wolf Group Capital Advisors increased its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group purchased a new stake in Home Depot in the fourth quarter worth about $253,000. Finally, Zullo Investment Group Inc. increased its position in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

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 on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. UBS Group reduced their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Wedbush reiterated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. TD Cowen cut their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Royal Bank of Canada increased their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Finally, Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Home Depot Price Performance

HD opened at $356.07 on Friday. The business has a fifty day moving average of $337.65 and a 200 day moving average of $352.03. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $353.08 billion, a P/E ratio of 23.88, a PEG ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the business earned $3.82 EPS. Home Depot’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

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.