The Home Depot, Inc. (NYSE:HD) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,584 shares of the home improvement retailer’s stock after purchasing an additional 283 shares during the quarter. Sunbelt Securities Inc.’s holdings in Home Depot were worth $2,526,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bare Financial Services Inc acquired a new position in shares of Home Depot during the 4th quarter worth $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the 4th quarter valued at about $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC grew its position in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $35,000. Hedge funds and other 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 business’s stock in a transaction 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 transaction, the executive vice president now 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 accessible through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HD shares. Wells Fargo & Company lowered their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Evercore ISI lifted their price objective on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. TD Cowen lowered their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Citigroup reduced their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Down 0.1 %

Shares of Home Depot stock opened at $341.49 on Friday. The company has a fifty day moving average price of $338.15 and a 200 day moving average price of $352.59. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a market cap of $338.62 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results 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. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.82 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

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.